Private survey inflation data, comes out monthly (against the official data from the Australian Bureau of Statistics which is out only once a quarter)
And, it was also a wee bit slow to hit ... hence the delay
The 'core' inflation is the trimmed mean measure, comes in at +0.2% m/m and +1.9% y/y
- prior 0.3% m/m & 1.7% y/y
The Reserve Bank of Australia target band for inflation is 2 to 3% ... for core inflation that is (& over the course of a cycle). At 1.9% y/y this MI measure is not too far off the goldilocks zone.
The next official Consumer Price Index from the ABS is scheduled for July 26
