Australian monthly inflation gauge comes in at +1.1% m/m (prior -0.1%)

TD Securities / Melbourne Institute

• +1.1% m/m in May vs. -0.1% in April
• +4.8% y/y vs. +3.4% in April

Trimmed mean measure

• +4.4% y/y vs. +3.7% in April
• +0.7% m/m

These are scarily high numbers.