Hey mate - great piece, the perfect way for someone like me not currently connected to markets to keep up with what's going on with economic data.
I've got two comments/questions.
1. Both the graphs titled 'Core' Tradables Inflation and 'Core' Non-tradables Inflation have a footnote saying the series exclude tobacco. Is it that there are tradable and non-tradable types of tobacco (due to Australia's quarantine regulations etc.)?
2. The quarterly SA and NSA inflation rates on the graph titled Australia - Domestic Market Services Inflation look quite similar (and to my eye, the SA series looks to have residual seasonality. The graph might work better (=be easier to read) with just the NSA bars, but obviously worth checking the diagnostics from your seasonal adjustment program (and I appreciate there would be an inconsistency issue with your other graphs that show SA quarterly inflation.
Hey mate - great piece, the perfect way for someone like me not currently connected to markets to keep up with what's going on with economic data.
I've got two comments/questions.
1. Both the graphs titled 'Core' Tradables Inflation and 'Core' Non-tradables Inflation have a footnote saying the series exclude tobacco. Is it that there are tradable and non-tradable types of tobacco (due to Australia's quarantine regulations etc.)?
2. The quarterly SA and NSA inflation rates on the graph titled Australia - Domestic Market Services Inflation look quite similar (and to my eye, the SA series looks to have residual seasonality. The graph might work better (=be easier to read) with just the NSA bars, but obviously worth checking the diagnostics from your seasonal adjustment program (and I appreciate there would be an inconsistency issue with your other graphs that show SA quarterly inflation.
Keep up the good work!
Cheers, Markus
Thanks Markus.
On #1, tobacco has switched between being tradable and non-tradable At different times.