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MNI BRIEF: Aussie Monthly CPI At 4%, Higher Than Expected

(MNI) Melbourne

Australia’s monthly Consumer Price Index (CPI) indicator rose 4.0% y/y in May, up from April’s 3.6% and 20 basis points higher than expected, according to the latest data from the Australian Bureau of Statistics (ABS).

The most significant contributors to the annual rise were Housing (5.2%), food and non-alcoholic beverages (3.3%), transport (4.9%), and alcohol and tobacco (6.7%).

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Australia’s monthly Consumer Price Index (CPI) indicator rose 4.0% y/y in May, up from April’s 3.6% and 20 basis points higher than expected, according to the latest data from the Australian Bureau of Statistics (ABS).

The most significant contributors to the annual rise were Housing (5.2%), food and non-alcoholic beverages (3.3%), transport (4.9%), and alcohol and tobacco (6.7%).

Keep reading...Show less