Economic Calendar
Australia Inflation Gauge Eases for First Time in 3 Months

Australia’s Melbourne Institute Monthly Inflation Gauge fell 0.3% month-on-month in May 2026, reversing a 0.6% increase in the previous month and marking the first decline since February. The decline reflected easing price pressures across a range of goods and services, after recent data showed the annual inflation rate slowed to 4.2% in April from 4.6% previously, as automotive fuel prices rose at a softer pace following the reduction of the fuel excise. However, inflation remained well above the central bank’s 2–3% target range, suggesting underlying price pressures are still elevated despite the recent moderation.
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