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Economic Buzz: Australia inflation eases to 4.2%, monthly gauge down 0.3%
01-Jun-2026 09:27
Australia's Melbourne Institute Monthly Inflation Gauge declined 0.3% MoM in May 2026, reversing April's 0.6% increase and marking the first monthly fall since February. Softer fuel price gains helped ease inflationary pressures, though annual inflation at 4.2% remains above the central bank's 2'3% target range, indicating persistent underlying price pressures.

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