Australian May 2026 Headline CPI 4% y/y (vs. expected 4.3%), core 3.6% y/y (expected 3.5%)

Australian May 2026 inflation data:

Headline 4.0% y/y

• expected 4.3%, prior 4.2%
• -0.7% m/m (expected -0.4%, prior 0.4%

Trimmed Mean core CPI 3.6% y/y

• expected 3.5%, prior 3.4%
• 0.4% m/m (expected 0.3%, prior 0.3%)

The Weighted Median is the second core measure, 3.6% y/y

• prior 3.5%
• 0.4 % m/m (prior 0.2%)

I'll have more to come on this separately.