Markets await Wednesday’s inflation data, which may signal easing price pressures after June’s 3.8% annual rise.
Australia’s July Consumer Price Index is forecast to show annual inflation slowing to 3.2%, down from 3.8% in June. The Australian Bureau of Statistics will release the data at 01:30 GMT on Wednesday, providing an update on price trends amid global monetary policy shifts.
June’s 3.8% print marked a slight uptick from May’s 3.6%, but economists expect a moderation in July. The Reserve Bank of Australia has held rates steady since November, monitoring inflation and labor market conditions closely.
A softer CPI reading could reinforce expectations for stable policy, while a surprise uptick may revive rate hike speculation.