Australian private survey inflation gauge for May headline is 0.9% m/m vs. 0.2% prior

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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

• prior +6.1%

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. .

• Reserve Bank of Australia policy meeting tomorrow - preview

                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

forexlive.com