# Cooler Core Inflation In Australia Reduced RBA Rate Hike Odds - Babypips.com

> Australia's Q2 CPI rose 1.0% quarterly and 3.8% annually, with the RBA's trimmed mean and weighted median measures coming in below forecasts. Markets reduced the odds of a further RBA rate hike and the AUD dropped sharply at release.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/29536-cooler-core-inflation-in-australia-reduced-rba-rate-hike-odds-babypips-com
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Reduced RBA hike odds weaken the AUD, a modest bearish signal for Australian export commodities priced in USD and a marginal supportive factor for US dollar-denominated feed prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- babypips.com: https://www.babypips.com/news/headline-cooler-core-inflation-in-australia-reduced-rba-rate-hike-odds-2024-07-31

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