ONLY CHARTS #604

Aus inflation, Aus job ads, NSW transfer duties, Food price inflation, NZ GDP growth nowcast

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1. Melbourne Institute’s trimmed mean inflation gauge declined again in June using our seasonal adjustment. Looking through the monthly volatility, the trimmed mean gauge moderated a little in 3m/3m terms.

2. Directionally, Melbourne Institute’s trimmed mean inflation measure has recently provided a good steer on official quarterly trimmed mean inflation.