Australia Inflation Gauge Eases to 3.9% in June 2026
Australia's TD-MI inflation gauge slowed to 3.9% annually in June, down from 4.4%, while job ads also dipped.
Australia's Melbourne Institute TD-MI inflation gauge cooled to 3.9% year-on-year in June 2026, a notable deceleration from the 4.4% pace recorded the prior month, according to data reported Monday. On a monthly basis, prices fell 0.4%, slightly steeper than the previous reading of minus 0.3%, suggesting near-term price pressures continued to soften heading into mid-year.
The Melbourne Institute gauge is a privately conducted survey and has taken a back seat in market attention since the Australian Bureau of Statistics began publishing its own monthly CPI figures, giving traders and policymakers a more official benchmark to track consumer prices in near real time.
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Separate data released alongside the inflation gauge showed ANZ-Indeed Job Ads declined 0.2% month-on-month in June 2026, reversing sharply from a 1.8% gain the prior month. The pullback in job advertising could signal softening labor demand, a development the Reserve Bank of Australia will likely weigh as it assesses the pace of any future interest rate adjustments.
Taken together, the easing inflation reading and the drop in job ads paint a picture of a gradually cooling Australian economy in the first half of 2026. Markets will now look ahead to the official ABS monthly CPI release for a more authoritative read on whether disinflation is truly taking hold.
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