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Jacob Shteyman

INSANE: Spotlight on inflation as state treasurers come clean | Vintage Vibes

Inflation Reserve Bank Oil Chris Steel Daniel Mookhey Deficit ANZ

It's hoped monthly inflation data will shed new light on the likelihood of lower interest rates. (Bianca De Marchi/AAP PHOTOS)

With a July rate cut looking increasingly uncertain, monthly inflation data will shed new light on the likelihood of more mortgage relief.

The Reserve Bank of Australia takes greater stock in less volatile quarterly figures but the consumer price index for May will provide a valuable insight into inflation's direction of travel when released by the Australian Bureau of Statistics on Wednesday.

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