Australia - Melbourne Institute monthly CPI inflation for June: 0.6% m/m (prior -1.2%)

Author: Eamonn Sheridan | Category: News

Monthly CPI indicator   

+0.6% m/m and +0.7% y/y
  • prior -1.2% m/m and +0.1% y/y

trimmed mean +0.5% m/m & +0.9% y/y

  • prior trimmed mean -0.3% m/m & +0.5% y/y (prior 1.1%)

  • Official CPI data is once a quarter in Australia, this monthly guide is a good heads up for the quarterly data.

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The bigger news from Australia is of course the acceleration of the virus outbreak, specifically in the city of Melbourne. Which has led to a new restricition being imposed, that is this is not a winding back, this is a new one:
127 new cases reported in the past 24 hours. New high for this wave.

Weekend:

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