Australia monthly inflation, May Headline CPI: -1.2% m/m (prior -0.1%)

Australia - Melbourne Institute monthly CPI inflation for May

-1.2 % m/m

• prior -0.1%

+0.1 % y/y

• 1.2% prior

For core inflation, measured by the 'trimmed mean:

• -0.3% m/m (prior -0.1%)
• +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.