Australia Monthly CPI Indicator

Australia’s monthly Consumer Price Index (CPI) jumped 2.8% year-on-year in July 2025, accelerating from 1.9% in June and steeper than the expected 2.3% increase. This was the highest reading since July 2024, driven by higher housing inflation (3.6% vs 1.6% in June), due to a 13.1% surge in electricity prices compared with a 6.3% decline in June, linked to households using up the State government and Commonwealth Energy Bill Relief Fund (EBRF) rebates in some capital cities, as well as price increases following annual electricity price reviews in July. On the other hand, food and non-alcoholic beverages inflation slowed slightly (3% vs 3.2%), and transport costs declined less (-1% vs -1.9%). The annual trimmed mean inflation rose to 2.7% in July from 2.1% in June, while core inflation excluding volatile items and travel accelerated to 3.2% from 2.5%.

Australia’s monthly Consumer Price Index (CPI) rose by 1.9% yoy in June 2025, easing from both May’s figure and market forecasts of 2.1%. This marked the lowest level since March 2021 and came in below the central bank’s 2–3% target range. The slowdown was largely driven by housing costs (1.6% vs 2.0% in May), which recorded their smallest increase in six months, as rent prices rose at their slowest pace since December 2022, while electricity prices declined more sharply. Prices also moderated in alcohol and tobacco (5.7% vs 5.9%), health (4.1% vs 4.4%), and education (5.6% vs 5.7%), while recreation and culture fell (-0.7% vs 1.4%). In contrast, inflation accelerated in food (3.2% vs 2.9%) and clothing and footwear (1.4% vs 1.3%). Meanwhile, deflation in the transport sector softened (-1.9% vs -2.5%). The annual trimmed mean inflation eased to 2.1%, marking the lowest since October 2021, while core inflation excluding volatile items and travel edged down to 2.5% from 2.7% in May.

Australia’s monthly Consumer Price Index (CPI) increased by 2.1% in May 2025, easing from 2.4% in the previous three months and marking the lowest rate since October 2024. The reading came in below expectations of a 2.3% rise but remained within the central bank’s target range of 2–3%. Food and non-alcoholic beverages rose at the slowest pace in five months (2.9% vs 3.1% in April), amid a significant slowdown in fruit and vegetable prices. Inflation also moderated for housing (2.0% vs 2.2%) and for recreation and culture (1.4% vs 3.6%). In contrast, inflation accelerated for alcohol and tobacco (5.9% vs 5.7%) and clothing (1.3% vs 0.8%), while remaining steady for health (4.4%) and education (5.7%). Meanwhile, deflation in the transport sector softened (-2.5% vs -3.2%). The annual trimmed mean inflation slowed to 2.4% from 2.8% in the prior month, marking the lowest since November 2021. Excluding volatile items and travel, the CPI rose 2.7%, down slightly from a 2.8% gain in April.