An indicator of monthly inflation in Australia eased in June to the lowest level since September 2009, a survey showed Monday.
The TD Securities - Melbourne Institute monthly inflation gauge increased 1.6 percent in the twelve months to June. This was the lowest rate of increase since September 2009 and followed a 1.8 percent rise for the twelve months to May.
Price rises for holiday travel and accommodation, insurance and financial services, and household appliances, utensils and tools were offset by falls in automotive fuel, furniture and furnishings, and non-durable household products. The price of automotive fuel fell 8 percent in June, following a fall of 2.8 percent in May.
The trimmed mean of the Inflation Gauge remained flat in June and May.
by RTT Staff Writer
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