AUD TD SEcurities Inflation Index

MoM  Prior +0.4%  Actual +0.1%

YoY  Prior +4.6%  Actual +4.2%

" Inflation remains stubbornly high with the monthly gauge being a shock once account is taken  of the obvious fall in petrol prices.  Inflation pressures remain elevated despite the clear slowing in the economy."  said Joshua Williamson senior economist at TD SEcurities.