Good news for Aussies as inflation falls - here's what it could mean for your mortgage

• Inflation fell to just 2.1 per cent in May

Aussie home borrowers are set to get more relief with inflation falling to the lowest level in more than six months.

The consumer price index for May fell to just 2.1 per cent - putting on the lower side of the Reserve Bank's two to three per cent target.

It's also the lower monthly indicator of headline inflation since October 2024.

A moderation in inflationary pressures could see the Reserve Bank cut interest rates again in July, with economic growth still slow.

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