The TD Securities monthly inflation gauge rose by 0.3 per cent in June – the smallest rise in four months. Excluding volatile items, prices rose 0.2 per cent. The annual rate fell from 3.7 per cent to 3.6 per cent. The ABS measure of inflation will be out on the 28th and this will be an important input in deciding when to move up rates. The RBA meets today but WON'T lift rates until they see this inflation figure.
Jobs
Job advertisements edged higher in June. The Advantage internet job index rose by 0.1 per cent with strength in clerical and personnel positions. The ANZ index of job ads rose by 2.7 per cent.
