Australia’s Consumer Price Index (CPI) increased 4.0 % in the 12 months to May 2026, a slight decline from the 4.2 % rise recorded in the 12 months to April. The largest contributors to this annual inflation were housing (6.5 %), food and non‑alcoholic beverages (3.3 %) and transport (3.3 %). Trimmed‑mean inflation was 3.6 % in the same period, up from 3.4 % in April. In May itself, the CPI fell 0.7 % in original terms and 0.1 % when seasonally adjusted. From February 2027, the ABS will publish the CPI on the fourth Wednesday of each month instead of the final Wednesday, and the next weight update will be released on 24 February 2027.
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This article is a summary of content originally published by the Australian Bureau of Statistics.
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