Open accessibility guideSkip to sections navigationSkip to contentSkip to footerThe Sydney Morning Herald logoThe Sydney Morning Herald logoAdvertisementNationalInflation has unexpectedly slowed to 4 per cent in the 12 months to May – still higher than the Reserve Bank of Australia’s target but its lowest level in three months.Updated June 24, 2026 — 1:30pm,first published 1:28pmLoadingLatest in VideosVideo icon1:09The infamous John Bourke incident from 1985Video icon0:53Thaiday backs Broncos' Hunt extensionVideo icon2:07Official trailer: The Ice TowerVideo icon2:11Official trailer: Minions & MonstersAdvertisementThe Sydney Morning Herald logoTwitterFacebookInstagramRSSOur SitesThe Sydney Morning HeraldThe AgeBrisbane TimesWAtodayThe Australian Financial Reviewnine.com.auDriveClassifiedsTributesPlace your adThe Sydney Morning HeraldContact & supportAdvertise with usNewslettersAccessibility guideSitemapPhoto salesPurchase front pagesContent licensingWork with usTerms of usePrivacy policyPress CouncilCharter of Editorial IndependenceAI Editorial GuidelinesProducts & ServicesSubscription packagesMy accountSubscriber FAQsDelivery statusToday’s PaperGood Food GuideDaily PuzzlesCopyright © 2026Subscribe
Inflation unexpectedly slows to lowest level in months
Inflation has unexpectedly slowed to 4 per cent in the 12 months to May – still higher than the Reserve Bank of Australia’s target but its lowest level in three months.
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