Australia's Aug trimmed mean CPI rises 0.2% m/m, 3.6% y/y

Published Sep 30, 01:38 AM UTC

According to a report from tradealpha citing RTRS, the Reserve Bank of Australia's (RBA) trimmed mean Consumer Price Index (CPI) for August increased by 0.2% compared to the previous month. On an annual basis, the trimmed mean CPI rose by 3.6% from August of the previous year. This data point is a key measure of underlying inflation closely watched by the RBA for monetary policy decisions. The figures indicate persistent inflationary pressures within the Australian economy, though the monthly pace remains moderate. The report provides a snapshot of core inflation trends, which will inform the central bank's assessment of whether further interest rate adjustments are necessary to bring inflation back to its target range.

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