Australia CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Reserve Bank of Australia watches when setting interest rates.
Actual
3.8%
Forecast
3.8%
Previous
3.6%
Source: Australian Bureau of Statistics. Figures as released; revisions appear in the next print.
Australia Inflation Rate (CPI) for Q2 2024 came in at 3.8% versus 3.8% expected (previous 3.6%), in line with forecast.
What it meant for the Australian Dollar
The actual landed in line with the 3.8% forecast. A reading above forecast is generally bullish for the AUD, and below forecast bearish.
New to this release? See what Australia Inflation Rate (CPI) measures, the next release and its full history.