Economic Buzz: Australia monthly inflation gauge falls 0.4% MoM in June

Australia?s Melbourne Institute Monthly Inflation Gauge fell 0.4% MoM in June 2026, following a 0.3% decline in May, marking its second consecutive monthly decrease and indicating easing price pressures. Meanwhile, annual inflation slowed to 4.0% in May from 4.2% in April, though it remained above the central bank?s 2?3% target range, with underlying inflation expected to strengthen in the June quarter.

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