‘Better than expected': Monthly inflation falls to 2.1 per cent in May from 2.4 per cent
The monthly inflation numbers – which appear to have continued to moderate – have been released by the Australian Bureau of Statistics (ABS).
Sky News Business Reporter Edward Boyd claims the numbers for May have come in 'better than expected', as data shows monthly inflation went from 2.4 per cent to 2.1 per cent.
'The expectation today was monthly inflation would be 2.3 per cent during May; instead, it's come in at 2.1 per cent at an annualised rate,' he said.
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