Australian monthly inflation data: +4.7% y/y (prior +4.8%)

Australian Melbourne Institute Inflation – this is the monthly survey.

For June 2022.

0.3% m/m

4.7% y/y

more to come

The official inflation data from Australia only comes once a quarter. This monthly survey fills in the gaps while we (and the RBA!) wait for the official data. A sliver of encouragement with this softer reading.