Australia - Melbourne Institute monthly CPI inflation for July 2021 0.5% m/m (prior 0.4%) and 2.6% y/y (prior 3.0%)

And for the core measure, trimmed mean:

+0.5% m/m

  • prior 0.1%

+1.9% y/y

  • prior 1.8%

A small acceleration in the core measure but not at a level that will perturb the RBA at this stage.

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Official CPI data is once a quarter in Australia, this monthly guide is a good heads up for the quarterly data.

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I was a bit slow to this what with the US infrastructure guff and Sydney coronavirus numbers.

Best in 2026

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