Stephen Roberts Inflation Quotations

If the consumer price data confirm an acceleration in inflation then there's a real risk the bank could tighten as soon as November.

It does take a lot of pressure off the Reserve Bank. It's hard to get persistent inflation without wages pressure, and hard to get wages pressure with employment easing.

The start of a higher import price trend implies higher Australian inflation ahead.

The risk is increasing of renewed build-up of inflation pressure, from energy and wages.

They need inflation information before they can move. It was totally as expected, but a few people are starting to look ahead because of the stronger data we've had, speculating whether a rate increase could come as soon as May.