Inflation back with a vengeance.

The Australian Financial Review - ABIX via COMTEX -- The Reserve Bank of Australia has warned that the rising crude oil price means inflation remains a concern. However, the monetary policy statement issued on 1 July 2008 provides indications that the central bank believes that slowing domestic demand may bring inflation under control. Analysts say the concerns about inflation means investors need to be selective about the stocks they invest in. Don Williams of Platypus Asset Management says resources stocks are the best option during periods of high inflation.

RESERVE BANK OF AUSTRALIA
PLATYPUS ASSET MANAGMENT PTY LTD
AMP CAPITAL INVESTORS LIMITED
AMP LIMITED - ASX AMP
WESTPAC BANKING CORPORATION - ASX WBC
INVESTORS MUTUAL LIMITED
OPIS CAPITAL LIMITED
GOLDMAN SACHS JBWERE PTY LTD
ASX LIMITED - ASX ASX
ARISTOCRAT LEISURE LIMITED - ASX ALL

COCHLEAR LIMITED - ASX COH
IRESS MARKET TECHNOLOGY LIMITED - ASX IRE
AXA ASIA PACIFIC HOLDINGS LIMITED - ASX AXA
CABCHARGE AUSTRALIA LIMITED - ASX CAB
TATTS GROUP LIMITED - ASX TTS
CONNECTEAST GROUP - ASX CEU
OAKTON LIMITED - ASX OKN
ENVESTRA LIMITED - ASX ENV
CSL LIMITED - ASX CSL
COCA-COLA AMATIL LIMITED - ASX CCL
TEN NETWORK HOLDINGS LIMITED - ASX TEN
SEVEN NETWORK LIMITED - ASX SEV
AUSTRALIAN AGRICULTURAL COMPANY LIMITED - ASX AAC
TELSTRA CORPORATION LIMITED - ASX TLS
SPOTLESS GROUP LIMITED - ASX SPT
SINGAPORE TELECOMMUNICATIONS LIMITED - ASX SGT
JUST GROUP LIMITED - ASX JST
APN NEWS AND MEDIA LIMITED - ASX APN
AUSTEREO GROUP LIMITED - ASX AEO
BORAL LIMITED - ASX BLD
PAPERLINX LIMITED - ASX PPX
LION NATHAN LIMITED - ASX LNN
CSR LIMITED - ASX CSR
AMCOR LIMITED - ASX AMC
CORPORATE EXPRESS AUSTRALIA LIMITED - ASX CXP