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

U.S. Existing Home Sales Unexpectedly Rebound In September (04 hr(s), 35 min(s), 23 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. unexpectedly increased in the month of September, acco ...Full Story»

IMF Raises Global Growth Outlook Despite Geopolitical Tensions (05 hr(s), 14 min(s), 23 sec(s) ago)
(RTTNews) - The International Monetary Fund upgraded its global growth outlook despite concerns ov ...Full Story»

Czech Inflation Confirmed At 2.5% (07 hr(s), 14 min(s), 23 sec(s) ago)
(RTTNews) - Czech inflation rose to a five-month high in September, as initially estimated, final ...Full Story»

UK Retail Sales Growth Eases: BRC (09 hr(s), 21 min(s), 23 sec(s) ago)
(RTTNews) - UK retail sales growth eased in September as households reduced spending amid concerns ...Full Story»

Ireland Construction Activity Growth Slows (09 hr(s), 56 min(s), 23 sec(s) ago)
(RTTNews) - Ireland's construction sector grew at a slower pace in September largely due to th ...Full Story»

German Inflation Confirmed At 3.3%; Strongest Since 2023 (10 hr(s), 58 min(s), 23 sec(s) ago)
(RTTNews) - Germany's inflation accelerated to the highest level since late 2023 in September ...Full Story»

Australia Business Confidence Weakens For Third Straight Month: NAB (13 hr(s), 19 min(s), 23 sec(s) ago)
(RTTNews) - Australia's business sentiment deteriorated for the third straight month in Septem ...Full Story»

Japan Producer Prices Sink 0.3% In September (06 min(s), 37 sec(s) ago)
(RTTNews) - Producer prices in Japan were down a seasonally adjusted 0.3 percent on month in Septe ...Full Story»