Australian monthly CPI (May 2025) 2.1% y/y (vs. 2.3% expected) | Forexlive

April 2025 monthly inflation CPI data from Australia, well under the expected and under the result from April. This supports a Reserve Bank of Australia rate cut at its next meeting (July 7 and 8).

Comes in at 2.1% y/y

• expected 2.3%, prior 2.4%
• for the m/m, comes in at minus 0.4%

Trimmed mean is 2.4% y/y, a big shunt lower than from the 2.8% in April

• expected 2.5%, prior 2.8%

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The next RBA meeting is on July 7 and 8, the consensus expectation is for a rate cut .