Financial News: Australia Inflation Slows To 4-Month Low

Australia Inflation Slows To 4-Month Low

07/29/2026 - 03:23:00 (RTTNews)

(RTTNews) - Australia's consumer price inflation slowed to a four-month low in June on lower fuel prices and underlying inflation remained stable, easing pressure on the central bank for further policy tightening.

The consumer price index posted an annual increase of 3.8 percent in June, following a 4.0 percent rise in May, the Australian Bureau of Statistics said Wednesday.

On a monthly basis, consumer prices edged down 0.1 percent but slower than the 0.7 percent decrease seen in the previous month.

"When we look through some of the bigger price movements, underlying inflation is steady at 3.6 percent in the 12 months to June 2026," ABS head of price statistics Rachael McCririck said. This was the same as in the twelve months to May.

Annual housing inflation came in at 6.8 percent in June, reflecting rising costs for electricity and new dwellings. Electricity remained one of the biggest contributors to annual inflation.

Food and non-alcoholic beverages and recreation and culture were the other largest contributors to annual inflation. Meanwhile, inflation for transport moderated to 0.1 percent from 3.3 percent driven by three consecutive falls in automotive fuel prices. "Lower world oil prices as a result of some stabilisation in the Middle East in June contributed to fuel prices falling 10.9 percent in the month," said McCririck.

Last month, the Reserve Bank of Australia left its interest rate unchanged at 4.35 percent after three consecutive rate hikes.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Unemployment Data Due On Thursday (01 hr(s), 32 min(s), 08 sec(s) ago)
(RTTNews) - Australia will on Thursday release July numbers for unemployment, highlighting a busy ...Full Story»

S. Africa Inflation Eases More Than Expected, Retail Sales Growth Unexpectedly Slows (03 hr(s), 43 min(s), 08 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation slowed faster-than-expected to its lowest ...Full Story»

Fed Minutes Reveal Officials Expect Higher Rates Unless Inflation Declines (05 hr(s), 05 min(s), 08 sec(s) ago)
(RTTNews) - Unless inflation declines, many Federal Reserve officials believe an increase in inter ...Full Story»

U.S. Crude Oil Inventories Climb More Than Expected (08 hr(s), 57 min(s), 08 sec(s) ago)
(RTTNews) - After reporting a spike in U.S. crude oil inventories in the previous week, the Energy ...Full Story»

U.K. Inflation Rises On Household Energy Bills (10 hr(s), 27 min(s), 08 sec(s) ago)
(RTTNews) - U.K. consumer price inflation accelerated in July as the Middle East crisis stoked hou ...Full Story»

Iceland Central Bank Raises Rates By 25 Bps Amid High Inflation (12 hr(s), 41 min(s), 08 sec(s) ago)
(RTTNews) - Iceland's central bank raised its benchmark rates for the third time this year to ...Full Story»

Bank Indonesia Keeps Key Rates Unchanged (13 hr(s), 16 min(s), 08 sec(s) ago)
(RTTNews) - Bank Indonesia left its interest rates unchanged for the second consecutive meeting on ...Full Story»

Eurozone Current Account Surplus Increases (13 hr(s), 37 min(s), 08 sec(s) ago)
(RTTNews) - The euro area current account surplus increased in June, reflecting the rise in primar ...Full Story»