# Australia Q2 Inflation Rate Highest in Over a Year

> Australia's consumer inflation rose to 2.1% year-on-year in Q2 2018, the highest since Q1 2017, but slightly below the 2.2% market forecast. Fuel, electricity and tobacco drove the increase while food inflation eased to 0.3%.

- Date: 2018-07-25 · published 2018-07-25T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/64312-australia-q2-inflation-rate-highest-in-over-a-year
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Higher inflation reduces the chance of near-term RBA easing, which supports the Australian dollar, while low food inflation signals little pressure on domestic feed-related food costs.

## Sources

- tradingeconomics.com: https://tradingeconomics.com/articles/07252018021142.htm

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