Australian inflation eases from 3.5% to 2.7% in August - Breaking The News
Download our appPlay StoreApp Store
Download our appPlay StoreApp Store

Australian inflation eases from 3.5% to 2.7% in August

Economy
Christian Baha / MY

1 min read

EPA-EFE/MICK TSIKAS

Inflation in Australia dropped in August, as the country's monthly consumer price index (CPI) increased by 2.7% annually, declining from the 3.5% figure recorded in July, a report released by the Australian Bureau of Statistics (ABS) revealed on Wednesday.

The monthly CPI excluding volatile items and holiday travel stood at 3.0% percent in August, a decrease from the previous month's reading of 3.7%.

Meanwhile, the trimmed mean, a closely monitored indicator of core inflation slowed to 3.4% in August from 3.8% in July. The annual trimmed mean inflation excluded the "falls" in automotive fuel and electricity.

inflationdatacpi
Related News
EIA: US crude inventories down by 2.7M barrels
Commercial crude oil inventories in the United States, not considering those in the Strategic Petroleum Reserve (SPR), went down by 2.7 million barrels to 440.4 million barrels in the week ending April 25, the Energy Information Administration (EIA) stated in its report published on Wednesday.Oil refinery inputs averaged 16.1 million barrels per day (bpd) during the week ending April 25, increasing by 189,000 bpd compared to the previous week's average....
US pending home sales jump 6.1% in March
Pending home sales in the United States increased by 6.1% in March compared to February, the National Association of Realtors (NAR) said in a report on Wednesday. The figure landed as the highest monthly increase since December 2023. The figure landed as the highest monthly increase since December 2023. Sales fell by 0.6% on a yearly basis.The sales index rose the most in the South region, clocking in at 9.8% month-on-month, followed by the Midwest...
US personal spending rises 0.7% in March
Personal consumption expenditures (PCE) in the United States increased by $134.5 billion or 0.7% in March month-over-month, the country's Bureau of Economic Analysis revealed in its report published on Wednesday.The PCE price index in March contracted 0.1% while falling 2.3% compared to the corresponding month in the year prior. Excluding food and energy, the PCE was 0.1% higher in the reported month. Personal income grew by $116.8 billion...
US GDP falls 0.3% in Q1 2025 amid tariff pressures
The United States' gross domestic product (GDP) fell 0.3% in the first quarter of 2025 year-on-year, according to the first estimate released by the Bureau of Economic Analysis on Wednesday. The result is the first negative GDP figure since November 2022.The downturn was primarily driven by a surge in imports and a drop in federal government spending, particularly on defense. These were partially offset by gains in private investment, exports, and consumer...
About
Contact Us

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.