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Philippine headline inflation eased to 6.8% in May 2026 from 7.2% in April, the Philippine Statistics Authority said on 5 June, giving the central bank a softer-than-expected print before its 18 June monetary-policy meeting while leaving price growth above target.
Indonesia began a transitional export-reporting regime on Monday, 1 June, requiring exporters of coal, palm oil and ferroalloys to report export activity to PT Danantara Sumberdaya Indonesia through the CEISA 4.0 customs platform, according to the Coordinating Ministry for Economic Affairs and ANTARA.
Australia's economy grew 0.3% in the March quarter of 2026, down from 0.9% in the December quarter, according to Australian Bureau of Statistics national-accounts data released on Wednesday and reported by ABC News and Xinhua.
Euro area annual inflation rose to an estimated 3.2% in May from 3.0% in April, Eurostat said on Tuesday, adding pressure on the European Central Bank before its June policy meeting as energy costs remained the largest driver of the increase.
The Reserve Bank of Australia said in minutes published on Tuesday, 19 May, that its Monetary Policy Board judged rates would probably be restrictive after its 5 May increase to 4.35%, but most members still concluded a quarter-point rise was needed because inflation was likely to stay above target for an extended period.[1]