Inflation continues to rise: survey      

Date
    March 31, 2014


Consumer prices edged slightly higher this month to keep inflation at 2.7 per cent, a private survey has found.

The monthly inflation gauge, by TD Securities and the Melbourne Institute, found that prices rose by 0.2 per cent in March to take the year-on-year rate to 2.7 per cent. The annual rate is near the top of the Reserve Bank's target band of 2 to 3 per cent.

The trimmed mean, a measure of underlying inflation and which is more closely watched by the central bank, lifted by 0.1 per cent this month to take the annual rate to 2.7 per cent, the report released today showed.

"Inflation pressures are clearly building up, neither due to 'noise' nor proof that Australia's speed limit on growth is below 3 per cent," TD Securities head of Asia-Pacific research Annette Beacher said.      

"While the RBA Board has a few months to voice the 'period of stability in the cash rate' theme, the use-by date for the emergency cash rate is approaching fast."

Read more: http://www.smh.com.au/business/the-economy/inflation-continues-to-rise-survey-20140331-35sro.html#ixzz2xUnj2QSC

Yes so it's time to get rid of that toxic CARBON TAX that's putting up inflation.

Look at the inflation figures Sandgroupers when you vote on Sat......

Put Labor and the Greens LAST.  Kill off the toxic tax.   

Swagman wrote on Mar 31^st, 2014 at 10:36am:



Kill off all unnecessary taxes - such as supertaxes like the GST... and we might all begin to see some light..

NO - not THAT light... namaste....

Yes the carbon tax does have an inflationary impact.
But when was the last time anyone saw inflation go down and why?