Melbourne Institute Inflation monthly gauge.
- -0.5% m/m (prior +1.2%)
- +4.9% y/y (prior 5.4%)
- trimmed mean core inflation +0.1% m/m (prior +0.9%) and +5.9% y/y (prior + 3.9% y/y)
Falling fuel prices helped the headline decline. The higher core measure is still a cause for concern although +0.1% m/m is a slower growth than we've become accustomed to.
