The annual rate of inflation is staying well below the Reserve Bank’s 2% to 3% target, weighed down by falls in utility prices according to the TD Securities - Melbourne Institute Inflation Gauge. The Gauge rose 0.2% in July (v 0.1% in June) with the annual rate 1.6%. According to Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities “Our TD-MI Inflation Gauge accurately predicted the turnaround in tradable inflation...