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

TD/Melbourne Institute Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term 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