# Australia consumer prices slip in May, but core inflation tops forecasts - The Business Times

> Australian consumer prices fell 0.7% month-on-month in May as fuel, clothing and holiday travel dropped, with annual inflation easing to 4.0%. The trimmed mean core measure rose 0.4% on the month to 3.6% annually, above forecasts, leaving a further RBA hike possible. The AUD was flat near US$0.6917.

- Date: 2026-06-24 · published 2026-06-24T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/19075-australia-consumer-prices-slip-in-may-but-core-inflation-tops-forecasts-the
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Higher core inflation keeps the RBA leaning toward hikes, which supports the AUD, though the currency was unchanged on the day. This is a macro signal with little direct effect on feed commodity prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/australia-consumer-prices-slip-may-core-inflation-tops-forecasts

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.