Australian monthly CPI (August 2025) +3%, above July and above expected, and also right at the top of the RBA 2-3% target band

• expected 2.9%, prior 2.8%

Trimmed mean 2.6% y/y, which is better news than that headline figure.

AUD/USD is ticking up a little on this hot data.

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As noted earlier today, the monthly CPI data from Australia does not show all components of the CPI, that’ll have to wait for the quarterly data release (late in October).

• The monthly CPI indicator does, however, provide a timelier indication of inflation using the same data collected for use in the quarterly CPI. The monthly reading includes updated prices for between 62 and 73 per cent of the weight of the quarterly CPI basket, its not the full picture.