# Australia inflation slows to 3-year low in August, core also trends lower

> Australia's headline inflation slowed to a three-year low in August, and core inflation also trended lower. Treasurer Jim Chalmers called the figures encouraging but cautioned that monthly numbers are volatile. The RBA has held the cash rate at 4.35% since November.

- Date: 2024-09-25 · published 2024-09-25T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/28575-australia-inflation-slows-to-3-year-low-in-august-core-also-trends-lower
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Easing Australian inflation reduces pressure for further RBA tightening, supporting the AUD and risk appetite, which is modestly supportive for Australian-linked commodity demand sentiment. The direct grain and oilseed price impact is minimal.

## Read by commodity

- AUDUSD: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/australia-inflation-slows-3-yr-low-aug-core-still-above-target-2024-09-25/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.