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Australia's July inflation surged to 2.8% from 1.9%, its highest since July 2024, led by housing and alcohol costs. The RBA's preferred trimmed mean measure reached 2.7%, dimming hopes of a quick follow-up rate cut after the August cut to 3.60%.
Higher inflation reduces the odds of near-term RBA easing, which can support the Australian dollar and tighten financial conditions; the link to feed commodity prices is minimal.
news.com.auCameron MicallefAug 27, 2025Not 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.
