Aussie Macro Moments: MIT's daily inflation gauge for Australia heading in wrong direction

The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Thursday, February 24, 2011

MIT's daily inflation gauge for Australia heading in wrong direction

The US university, MIT, has its "billion prices projects" that monitors prices online in order to produce a daily inflation guage. It seems to have correlated nicely with the disinflation in Q2-Q4 2010. Unfortunately, the trend in 2011 is not the RBA's friend...

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