Australia’s May CPI Up 2.1% Year-On-Year
The monthly Consumer Price Index (CPI) indicator rose 2.1 per cent in the 12 months to May 2025, according to the latest data from the Australian Bureau of Statistics (ABS).
Michelle Marquardt, ABS head of prices statistics, said: ‘The 2.1 per cent annual CPI inflation in May was down from 2.4 per cent in April and the lowest since October 2024.’
The largest contributor to the annual movement was Food and non-alcoholic beverages (+2.9 per cent). This was followed by Housing (+2.0 per cent) and Alcohol and tobacco (+5.9 per cent).
When prices for some items change significantly, measures of underlying inflation (like the annual trimmed mean and CPI excluding volatile items and holiday travel) can give more insights into how inflation is trending.
‘Annual trimmed mean inflation was 2.4 per cent in May 2025, down from 2.8 per cent in April. This is the lowest annual trimmed mean inflation rate since November 2021,’ Ms Marquardt said.
The CPI excluding volatile items and holiday travel measure rose 2.7 per cent in the 12 months to May, compared to a 2.8 per cent rise in the 12 months to April.
https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/monthly-consumer-price-index-indicator/may-2025