The Monthly Inflation Gauge and Cost of Living report recorded an increase in monthly inflation, although annual inflation fell further in March
The Monthly Inflation Gauge and Cost of Living report recorded an increase in monthly inflation, although annual inflation fell further in March. Annual changes in the cost of living also fell for most household types.
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 April 2024 was released at 11am (AEDT), Tuesday 2 April 2024. The Inflation Gauge report for May 2024 will be released 11am (AEDT), Monday 6 May 2024.
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.