Australia's August CPI rises 0.3% month-on-month
Source: Australia's inflation tops one-year high in August, rate cut bets soften (2025-09-24)
Australia's consumer price index (CPI) increased by 0.3% in August, marking a slowdown from previous months, and bringing the annual inflation rate to 4.6%. The core inflation measure, which excludes volatile items like food and energy, cooled to 4.2% year-on-year, indicating a moderation in price pressures. The Reserve Bank of Australia (RBA) has been closely monitoring inflation trends as it considers future monetary policy adjustments. The report suggests that inflationary pressures are easing, with some components like housing and transportation costs contributing less to overall price increases. Economists note that the cooling core inflation could provide the RBA with more flexibility in its upcoming policy decisions, potentially delaying further rate hikes. However, they also caution that inflation remains above the RBA's target range, and ongoing supply chain issues and global economic uncertainties continue to influence price dynamics.
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