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.
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.
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.
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