Australian private survey inflation gauge for May headline is 0.9% m/m vs. 0.2% prior TD/Melbourne Institute Inflation gauge +0.9% m/m
- this is the largest m/m jump since January this year
- prior +0.2%
+5.9% y/y
Trimmed mean 0.8% m/m and 5.2% y/y
- prior 0.3% m/m and 5.5% y/y
Uh-oh. The Reserve Bank of Australia meeting is tomorrow. While consensus expectation is for an on hold decision this might produce e a little nervousness at the RBA. .
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Australian private survey inflation gauge for May headline is 0.9% m/m vs. 0.2% prior (https://www.forexlive.com/centralbank/australian-private-survey-inflation-gauge-for-may-headline-is-09-mm-vs-02-prior-20230605/)
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