Australian inflation gauge stays tame in June: TDMI

A private gauge of Australian inflation showed few signs of any acceleration in price pressures in June, suggesting inflation alone would be no bar to a further cut in interest rates if needed.

The TD Securities-Melbourne Institute’s measure of consumer prices was unchanged in June, from May when it increased by 0.2 per cent.

That saw the annual pace of inflation creep up to 2.4 per cent, from 2.2 per cent, still comfortably within the Reserve Bank of Australia’s (RBA) target band of 2 to 3 per cent.

via Business feed http://www.scmp.com/business/economy/article/1273068/australian-inflation-gauge-stays-tame-june-tdmi