'No carbon tax effect' on inflation figures

Daily Telegraph:

A PRIVATE measure of inflation has posted its largest monthly increase in almost 18 months but very little is from the carbon tax.

The TD Securities-Melbourne Institute inflation gauge rose 0.6 per cent in August, the biggest month-on-month increase since March 2011.

TD Securities head of Asia-Pacific Securities Annette Beacher said there did not appear to be any notable impact from the July 1 introduction of the carbon tax, given the unchanged state of utility prices in August.
"While fruit and vegetable prices rose strongly, it is difficult to extract if the carbon tax is a contributing factor," she said.

It's early still, though.