Monthly Inflation Gauge and Cost of Living report
The Melbourne Institute Monthly Inflation Gauge recorded a decrease in monthly inflation during May, primarily influenced by price falls for recreation and culture. The decrease in monthly inflation was largely offset by housing-related price rises. The monthly cost of living also decreased for each of the five selected household types (age pensioners, pensioners and beneficiaries and other government transfer recipients).
The Melbourne Institute Monthly Inflation Gauge is designed to provide a timely and accurate monthly measure of inflation in Australia. Based on the ABS methodology for calculating the quarterly consumer price index, the Melbourne Institute Monthly Inflation Gauge estimates month-to-month price movements for a wide-ranging basket of goods and services across the main capital cities of Australia.
The Melbourne Institute Monthly Cost of Living Indexes account for changes in mortgage rates, which are not part of the inflation measure. The indexes are computed for five household types (age pensioners, pensioners and beneficiaries, employees, other government transfer recipients and self-funded retirees).
The Melbourne Institute Monthly Inflation Gauge and Cost of Living report for June 2025 was released at 11am (AEDT), Monday 2 June 2025. The Inflation Gauge report for July 2025 will be released 11am (AEDT), Monday 30 June 2025.
The Melbourne Institute Monthly Inflation Gauge is designed to give markets and policy makers a monthly update on inflation trends. Further information can be found here.