Financial News: Australia Inflation Moderates To 8-Month Low

Australia Inflation Moderates To 8-Month Low

08/26/2026 - 06:12:00 (RTTNews)

(RTTNews) - Australia's consumer price inflation moderated to an eight-month low in July, the Australian Bureau of Statistics said Wednesday.

Consumer prices rose 3.5 percent on a yearly basis, following a 3.8 percent rise in June. This was the weakest since last November.

On a monthly basis, consumer prices advanced 1.0 percent, reversing a 0.1 percent fall in the previous month.

Data showed that housing was the largest contributor to annual inflation, which climbed 5.0 percent. The next largest contributors were food and non-alcoholic beverages and recreation and culture, rising 3.2 percent and 2.6 percent, respectively.

Trimmed mean annual inflation remained unchanged at 3.6 percent in July.

ABS head of price statistics Rachael McCririck said housing rose 5.0 percent due to rising costs for new dwellings. The increase in food inflation reflects higher prices for Meals out and takeaway.

Annual inflation for transport advanced to 1.6 percent from 0.1 percent in June.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Bulgaria Q2 GDP Growth Eases Less Than Estimated (02 hr(s), 14 min(s), 42 sec(s) ago)
(RTTNews) - Bulgaria's economy expanded more than initially estimated in the second quarter, ...Full Story»

Eurozone Economic Growth Revised Up To 0.6% (02 hr(s), 51 min(s), 42 sec(s) ago)
(RTTNews) - The euro area economy expanded more than initially estimated in the second quarter, un ...Full Story»

Eurozone Investor Confidence Strongest Since 2022 (03 hr(s), 34 min(s), 42 sec(s) ago)
(RTTNews) - Eurozone investor sentiment rose for the fifth straight month in September, reaching i ...Full Story»

Czech Industrial Output Growth Eases; Trade Gap Widens (03 hr(s), 53 min(s), 42 sec(s) ago)
(RTTNews) - The Czech Republic's industrial output growth moderated in July, while the country ...Full Story»

Romanian GDP Shrinks As Estimated In Q2 (04 hr(s), 27 min(s), 42 sec(s) ago)
(RTTNews) - Romania's economy contracted further as estimated initially in the second quarter ...Full Story»

German Industrial Output Falls Most In 11 Months (04 hr(s), 39 min(s), 42 sec(s) ago)
(RTTNews) - Germany's industrial output declined at the fastest pace in almost a year in July, ...Full Story»

Singapore Retail Sales Growth Eases To 1.5% (05 hr(s), 07 min(s), 42 sec(s) ago)
(RTTNews) - Singapore's retail sales growth moderated in August after accelerating in the prio ...Full Story»

Eurozone GDP Growth Revised Up (05 hr(s), 38 min(s), 42 sec(s) ago)
(RTTNews) - The euro area economy expanded more than initially estimated in the second quarter, re ...Full Story»