Where’s the inflation ?

Weak inflation

In September, consumer prices increased 0.5 percent from August, rising 2.2 percent over the last 12 months. The core rate – all items less food and energy – rose 0.1 percent in September; up 1.7 per.cent over the year, for the fifth consecutive month.

The data provided little in terms of clarity with inflation seemingly still stuck in low gear.

“When it comes to gauging inflation, it could be time to throw the textbook theory out the window as despite unemployment falling there’s little sign of inflationary pressures flaring up,” said OANDA’s Stephen Innes.

The AFR

 

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Stephen Innes

Stephen Innes

Head of Trading APAC at OANDA
Stephen has over 25 years of experience in the financial markets and currently based in Singapore as the Head of Trading Asia Pacific with OANDA. Stephen's market views focus on the movement of G-10 and ASEAN Currencies. His views appear in Bloomberg, CNBC.Reuters, New York Times WSJ and the Economist. His media appearances include Bloomberg TV & Radio, BBC International, Sky TV, Channel News Asia, ASTRO AWANI and BFM Malaysia. Stephen has an extensive trading experience in Spot and Forward FX, Currency and Interest Rate Futures, Money Market Derivatives and Precious Metals. Before joining OANDA, he worked with organisations like Nat West, Chemical Bank, Garvin Guy Butler, and Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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