Australia’s monthly consumer price index rose 2.1 per cent in the year to May 2025, according to the latest figures from the Australian Bureau of Statistics.
The monthly increase came in below market consensus which stood at 2.3 per cent.
The 2.1 per cent annual CPI inflation in May was down from 2.4 per cent in April and the lowest since October 2024.
The largest contributor to the annual movement was food and non-alcoholic beverages (+2.9 per cent). this was followed by housing (+2.0 per cent) and alcohol and tobacco (+5.9 per cent).
Annual trimmed mean inflation, meanwhile, was 2.4 per cent in May 2025, down from 2.8 per cent in April.
“This is the lowest annual trimmed mean inflation rate since November 2021,” said Michelle Marquardt, ABS head of prices statistics.
The CPI excluding volatile items and holiday travel measure rose 2.7 per cent in the 12 months to May, compared to a 2.8 per cent rise in the 12 months to April.
More to come.
