HomeEverythingEducation
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Australia MI Inflation Gauge Falls in May

Created at 1 Jun · 1:29 AM5 sources↑ Market-relevant5 events
IN SHORT

Australia's MI Inflation Gauge registered a -0.3% reading in May, a significant decrease from the 0.6% recorded in the previous month. This negative figure indicates deflationary pressures, which could influence the Reserve Bank of Australia's monetary policy decisions.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

-0.3%Australia MI Inflation Gauge (May)
0.6%Previous MI Inflation Gauge reading

Who's Involved

Australia
country reporting inflation data
Reserve Bank of Australia
central bank potentially influenced by inflation data

↳ Why This Matters

The MI Inflation Gauge is a private sector measure of inflation in Australia. A decrease in this gauge suggests a slowdown in price increases or outright deflation for the period, which could influence Reserve Bank of Australia (RBA) monetary policy decisions.

Key facts

  • Australia's MI Inflation Gauge for May was -0.3%.
  • The previous reading for the gauge was 0.6%.
  • A negative reading indicates deflationary pressures.

The MI Inflation Gauge is a private sector measure of inflation in Australia. A decrease in this gauge suggests a slowdown in price increases or outright deflation for the period, which could influence Reserve Bank of Australia (RBA) monetary policy decisions.

Frequently asked questions

The MI Inflation Gauge is a private sector indicator that measures inflation trends in Australia. It provides insights into price changes for a basket of goods and services.

A negative reading, such as -0.3%, indicates that prices have fallen overall during the period, signifying deflationary pressures.

The May reading of -0.3% is a significant drop from the 0.6% recorded in the previous month, suggesting a shift towards falling prices.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence
CME Headlines
  • 10-Year Treasury Note yields rose on Middle East supply risks.
    8 Jul · 8:03 PM
  • 10-Year Treasury Note yields rose on Middle East supply risks.
    8 Jul · 8:03 PM
  • Japanese Yen futures fell near multi-decade lows.
    8 Jul · 7:57 PM

How It Developed

1 Jun · 6:50 AM
Australia's commodity prices rose 16.8% in May, up from 15.7% previously, contrasting with falling inflation.
Economic And Earnings Data via PiQSuite
1 Jun · 6:30 AM
The article reports a slight decrease of 0.03% in the S&P/ASX 200 index, indicating a minor downturn in the Australian stock market.
Investing.com via PiQSuite
1 Jun · 5:13 AM
Australia's May manufacturing PMI revised up to 50.7, showing a slight easing from April's high.
Seeking Alpha via PiQSuite
1 Jun · 1:41 AM
Australia's ANZ Job Advertisements increased by 1.8% in May, a notable shift from the prior month's decline.
Economic And Earnings Data via PiQSuite
1 Jun · 1:27 AM
Australia's MI Inflation Gauge fell to -0.3% in May, down from 0.6% previously.
Economic And Earnings Data via PiQSuite

Sources

T1
🇦🇺 Australia MI Inflation Gauge (May) $AUD Actual: -0.3% Previous: 0.6%m.piqsuite.com
T1
🇦🇺 Australia ANZ Job Advertisements (May) $AUD Actual: 1.8% Previous: -0.6% 🟢m.piqsuite.com
T1
Australia's May manufacturing PMI revised upward to 50.7, easing from April highm.piqsuite.com
T1
🇦🇺 Australia Commodity Prices (May) $AUD Actual: 16.8% Previous: 15.7%m.piqsuite.com
T1
Australia stocks lower at close of trade; S&P/ASX 200 down 0.03%m.piqsuite.com

Related Stories

China producer inflation hits near 4-year high, consumer prices rise 1.0%
9 Jul · 1:47 AM
Fed Minutes: AI Demand Fuels Inflation Risk, Rate Hike Still Possible
8 Jul · 7:05 PM
India consumer inflation likely topped RBI's 4% target in June: Reuters poll
9 Jul · 5:09 AM
Labor Market Not a Source of Inflationary Pressure, Latest Report Shows
8 Jul · 2:25 PM
Foreign investors pare India rate-hike bets, fuel record swap trading
8 Jul · 9:56 AM