Australia Inflation Cools in August as Core CPI Rises 0.2% and Holds at 3.6%
Updated
Updated · Bloomberg · Sep 30
Australia Inflation Cools in August as Core CPI Rises 0.2% and Holds at 3.6%
3 articles · Updated · Bloomberg · Sep 30
Summary
Australia’s August inflation eased despite higher fuel prices, with traders trimming expectations for a Reserve Bank follow-up rate increase at its next meeting.
The trimmed-mean measure — the RBA’s closely watched core gauge — rose 0.2% from July, slowing from the previous month’s 0.5% increase.
Annual core inflation held at 3.6%, matching both economists’ estimates and July’s reading, suggesting underlying price pressures did not reaccelerate.
The data indicate fuel-cost volatility was absorbed by broader consumer prices, reinforcing a picture of moderating inflation as markets reassess the policy outlook.