# Q2 CPI: Some AUD pass-through but housing is the anchor o...

> Australia's June-quarter CPI rose 0.6%, above the 0.5% forecast, lifting the annual rate to 1.6%. Core inflation remained below the RBA target band, and food prices fell as drought effects were still limited but being watched.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58382-q2-cpi-some-aud-pass-through-but-housing-is-the-anchor-o
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Persistently low inflation supports further RBA easing and a softer Aussie, while drought pressure on food prices is an emerging risk to Australian agricultural supply.

## Sources

- apartments.com.au: https://www.apartments.com.au/expert-insights/investing/q2-cpi-some-aud-pass-through-but-housing-is-the-anchor-on-inflation-justin-smirk

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