Australia’s monthly Consumer Price Index (CPI) indicator has again registered its smallest increase since the pandemic.
The latest Australian Bureau of Statistics (ABS) data shows the CPI indicator rose 2.1 percent in the 12 months to May 2025, the same amount recorded in September and October last year, and in July 2021.
ABS Head of Price Statistics Michelle Marquardt said the 2.1 percent annual CPI inflation in May was down from 2.4 percent in April.
Ms Marquardt said the largest contributor to the annual movement was Food and non-alcoholic beverages (+2.9 percent), followed by Housing (+2.0 percent) and Alcohol and tobacco (+5.9 percent).
She said the annual trimmed mean inflation was 2.4 percent in May 2025, down from 2.8 percent 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 percent in the 12 months to May, compared to a 2.8 percent rise in the 12 months to April.
She said the 2.9 percent annual inflation for Food and non-alcoholic beverages in May was down from 3.1 percent in April.
“Prices for fruit and vegetables rose 2.8 percent in the 12 months to May, down significantly from a 6.1 percent rise in the 12 months to April.”
