Annual inflation in Australia slowed to 3.5% in July, missing forecasts of 3.2% but easing from June’s 3.8%.
Australia’s annual consumer price inflation eased to 3.5% in July, down from 3.8% in June, though above the 3.2% forecast. The data reflects a modest cooling in price pressures after recent highs.
June’s inflation stood at 3.8%, while economists had anticipated a sharper decline to 3.2% for July. The latest figures suggest persistent but slowing price growth in key sectors.
Markets are assessing the implications for the Reserve Bank of Australia’s policy stance amid mixed signals on inflation trends.