Melbourne Institute (MI) Inflation Gauge for June
0.0% m/m and 2.0% y/y
- prior was 0.0% m/m and 2.1% y/y
The core 'trimmed mean' measure is in at +0.1% m/m and +2.1% y/y. The RBA target band is 2 to 3% for core inflation over a cycle, so that will not be too unhappy with this result.
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This is a private survey for inflation produced monthly. it provides a reasonable guide to the official data, which is out only once a quarter
