Australia's May CPI Implications

ANZ Research forecasts a 0.9% q/q rise in Australia's Q2 trimmed mean inflation. This result, combined with cooling economic activity, supports the house view that the current cash rate has reached its peak.

Key Takeaways

• 1.ANZ projects a 0.9% q/q rise in the trimmed mean CPI for Q2.
• 2.Annual trimmed mean inflation is expected to reach 3.7% in Q2, slightly below RBA expectations.
• 3.The recent data and slowing economic activity support the view that the cash rate has peaked.

Table of Contents

• Australian Economic Update
• Charts
• Important Notice

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