Deflation here?

[beerwm]

revised year/year Inflation rate 3.7%

http://www.rba.gov.au/

down from 5.0%,

5.0%/4 = 1.25% per quarter, [assuming all quarters were even / although ofcourse they werent]

1.25% x 3 quarters + last quarter = 3.7%

Rate = -0.05%??

 

[Farang]

http://www.rba.gov.au/Statistics/measures_of_cpi.html

Check the bottom table, -0.3% for the quarter.

I know next to nothing about economics, but looking at the figures excluding volatile items i'm guessing its mainly just from the drop in petrol prices.

 

[beerwm]

ahh,

thanks Farang, i skipped over that part

petrol prices, electronics, christman "sales", oversupply of workers, cars
i work part time at a wholesale supermarket and even our food prices have stagnated.

 

[shaunQ]

Isn't that disinflation?