Australia's trimmed-mean inflation rose to 3.6% in May 2026, above the RBA's 2-3% target, reinforcing hawkish rate expectations at the 4.35% cash rate.

Australia's CPI fell 0.7% in May as annual inflation eased to 4.0% from 4.2%. Here's what the data means for RBA policy and crypto markets.

Underlying inflation allows economists to look beneath the daily noise of random price movements to see what the economy's broader inflationary pressures are looking like.