# Australia’s June quarter inflation falls to 6%, ABS reports | Australian economy | The Guardian

> Australia's June-quarter inflation eased to about 6% year on year, according to the ABS. The Australian dollar slipped about a third of a US cent to 67.38 US cents, while shares rose.

- Date: 2023-07-26 · published 2023-07-26T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/35308-australia-s-june-quarter-inflation-falls-to-6-abs-reports-australian-economy
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Softer inflation reduces the pressure for further rate hikes and weighs slightly on the Australian dollar, a small factor for Australian commodity exporters.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- theguardian.com: https://www.theguardian.com/business/2023/jul/26/australia-inflation-rate-june-quarter-cpi

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