Australia Melbourne Institute Inflation for July 2024

0.4% m/m

  • prior 0.3%

2.8% y/y

  • prior 3.2%

Core (trimmed mean) monthly inflation came in at +0.1% in July, which is its slowest pace since February this year. For the y/y core:

  • 2.6% in July, from 3.0% in June
  • slowest since April 2022