Australia's July Inflation Slows to 3.5%, Exceeds Expectations
In July 2026, Australia reported an annual inflation rate of 3.5%, down from June’s 3.8% and the lowest since November 2025. While this marked a moderation in price pressures, it still exceeded market forecasts of 3.3%. The reading remained above the Reserve Bank of Australia's target range of 2–3%, indicating ongoing inflationary challenges. The data suggests that while economic activity may be cooling slightly, core inflation remains stubbornly high. This could influence future monetary policy decisions by the RBA as it seeks to balance price stability with growth concerns.
