Australia Tasso Di Inflazione

Australia's inflation rate rose to 3.8% yoy in Q2 of 2024 from a nine-quarters low of 3.6% in Q1, aligning with market consensus. It was the first increase in annual CPI figures since Q4 of 2022, amid higher inflation for both goods (3.2% vs 3.1% in Q1) and services (4.5% vs 4.3%). Notably, prices accelerated for alcohol and tobacco (6.8% vs 6.3% in Q1), clothing (2.9% vs 0.4%), housing (5.2% vs 4.9%), health (5.7% vs 4.1%), transport (4.6% vs 3.6%), recreation & culture (0.9% vs 0.2%), and education (5.6% vs 5.2%). Meantime, inflation moderated for food (3.3% vs 3.8%), communication (1.4% vs 1.8%), and insurance & financial services (6.4% vs 8.2%). By contrast, the cost of furnishing and household services fell 1.1% after increasing 0.2% previously. In the meantime, the RBA's Trimmed Mean CPI increased by 3.9% yoy, the softest rise in over two years and slightly below estimates of 4.0% but remained outside the central bank's target range of 2-3%.