CANBERRA: Consumer prices in Australia are predicted to be flat on month in May, the latest forecast from TD Securities and the Melbourne Institute showed on Monday. That follows the 0.5 percent increase in April.
On a yearly basis, inflation is seen higher by 2.8 percent, up from 2.6 percent a month earlier. The trimmed mean CPI rate is called higher by 0.1 percent on month and 2.1 percent on year. That follows the 0.3 percent monthly reading and the 1.7 percent yearly increase in April.
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