Australian CPI data: significant price increases until May

June 26, 2024 Tóth Balázs
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The monthly CPI index rose 4.0% in the 12 months to May, compared with a 3.6% increase in the 12 months to April. The annual CPI indicator excluding volatile items and holiday travel was also 4.0% in May, down slightly from 4.1% in April. This figure excludes fuels, fruits, vegetables and holiday travel and accommodation.
The largest price increases were recorded for housing (+5.2%), food and non-alcoholic beverages (+3.3%), transport (+4.9%) and alcohol and tobacco (+6.7%).
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