Australia's inflation gauge rose 0.5 percent month-on-month in March, following a 0.1 percent increase in February, a report from the TD Securities and Melbourne Institute showed Monday.
In the twelve months to March, the Inflation Gauge increased 1.8 percent, marking the lowest annual inflation rate in two years.
Contributing to the overall change in March were price rises for holiday travel and accommodation, alcohol and tobacco, and automotive fuel. These were offset by price declines in meat and seafood, housing, and clothing and footwear, the report said.
The trimmed mean of the Inflation Gauge rose 0.3 percent in March from a month earlier. Annually, it rose 1.9 percent, returning to level below the bottom of the Reserve Bank's 2-3 percent target band.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.