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macroJun 24, 2026, 1:35 AM

Australia's CPI Inflation Eases to 4.0% YoY in May, Below Expectations

Australia's annual CPI inflation slowed to 4.0% in May, missing the 4.4% forecast and down from 4.2% previously, according to the Australian Bureau of Statistics.

AUDUSD

Australia's Consumer Price Index (CPI) rose 4.0% year-over-year in May, the Australian Bureau of Statistics reported Tuesday. The reading was below the market consensus of 4.4% and came after a 4.2% increase in the prior month.

The softer inflation print may reduce expectations for further Reserve Bank of Australia rate hikes, potentially weighing on the Australian dollar in the near term. Forex traders are now watching for any shift in RBA policy guidance following the data miss.

Source: FXStreet Forex News