Private survey of inflation from the Melbourne Institute
Inflation for May +0.3% m/m
- prior +0.1%
For the y/y, +3.1% (lowest in 21 months)
- prior 3.7%
Core inflation is measured by the 'trimmed mean', comes in at 0.3% m/m and 3.2% y/y
- prior 0.2 and 3.2 respectively
Australia's privately surveyed monthly inflation gauge comes from the Melbourne Institute of Applied Economic & Social Research at the University of Melbourne.
