CANBERRA, ACT, June 24 -- The Treasurer of Australia issued the following media release:
New figures from the Australian Bureau of Statistics show headline inflation fell in both monthly and annual terms.
Inflation came off substantially in the month of May and moderated in annual terms.
This is the second consecutive month that headline inflation has moderated.
Today's data was much better than market expectations and forecasts.
Headline inflation fell 0.7 per cent in the month of May 2026, down from a rise of 0.4 per cent in April.
Headline inflation was 4.0 per cent in the 12 months to May, down from 4.2 per cent in April.
We already had an inflation challenge in our economy but the war is making it higher than it would otherwise ...