The Consumer Price Index (CPI) rose 3.8%, down from 4.0% in the 12 months to May 2026.
#Australia#Inflation
Trimmed mean inflation was 3.6%, unchanged from 3.6% in the 12 months to May 2026.
At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.25 per cent. https://t.co/s2DU9X8Yvy
At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.25 per cent. https://t.co/s2DU9X8Yvy
#Australia inflation rate has fallen from its December peak, with annual price increases of 7 per cent for the year to March, down from 7.8 per cent.
Prices rose 1.4 per cent over the March quarter, which was marginally above average economist forecasts, but the smallest q rise
@AvidCommentator "The Board expects that further increases in interest rates will be needed over the months ahead to ensure that inflation returns to target" (from 7.8% to 3%) . with 0.25 hikes .. it will take 5+yrs :) @RBAInfo