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Australia's July CPI rose 2.8% year on year, up from 1.9% in June and well above forecasts of 2.3%, driven by a 13% jump in electricity prices. Core measures also rose, with trimmed mean at 2.7%.
A hotter inflation print trims the chance of an RBA rate cut soon, supporting the Australian dollar and weighing on the rate-sensitive outlook; the effect on feed commodities is indirect.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.