Headline inflation down, but underlying inflation highest since 2024 (opens original article in a new tab)

Headline inflation slowed in May, but underlying inflation rose to its highest level since 2024, with the RBA warning of further increases.

• Headline inflation slowed to 4% in May from 4.2% in April.
• Trimmed mean inflation rose to 3.6% in May, up from 3.4% in April.
• Underlying inflation is at its highest level since the September quarter of 2024.