{"id":830916,"date":"2026-07-29T09:12:40","date_gmt":"2026-07-29T09:12:40","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/830916\/"},"modified":"2026-07-29T09:12:40","modified_gmt":"2026-07-29T09:12:40","slug":"australias-headline-inflation-eases-in-june-supporting-case-for-interest-rate-hold","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/830916\/","title":{"rendered":"Australia’s Headline Inflation Eases in June, Supporting Case for Interest Rate Hold"},"content":{"rendered":"

\"MT<\/a> MT Newswires -Shutterstock <\/p>\n

Australia’s annual pace of inflation eased more than expected in June, potentially cooling near-term expectations for an interest rate hike, even as rising housing costs continued to weigh on the reading.<\/p>\n

The country’s consumer price index rose 3.8% in the 12 months to June, down from a 4% rate logged in May, data from the Australian Bureau of Statistics showed on Wednesday.<\/p>\n

The closely watched annual trimmed mean inflation, which removes outliers on the low and high end of price movements, was unchanged from the previous month at 3.6% in June.<\/p>\n

Westpac expected a June CPI of 4.2% and a trimmed mean inflation reading of 3.7%. BofA Securities, which forecast headline CPI at 3.9%, recently said any downside surprises to its estimate should support the case for Australia’s central bank to keep borrowing costs unchanged at an upcoming policy meeting in August.<\/p>\n

Housing was the largest contributor to annual inflation in June with a rise of 6.8%, reflecting elevated electricity costs that are over 22% higher than they were a year earlier following the end of government rebate programs.<\/p>\n

“Annual inflation for new dwellings has reached its highest level in almost three years, at 5.8%,” said Rachael McCririck, head of price statistics at the ABS. “This was driven by builders passing on higher material and labor costs.”<\/p>\n

The data also showed a moderation in annual inflation for transport to an increase of just 0.1% in June from a 3.3% rise in May as automotive fuel prices declined for three straight months. <\/p>\n","protected":false},"excerpt":{"rendered":"MT Newswires -Shutterstock Australia’s annual pace of inflation eased more than expected in June, potentially cooling near-term expectations…\n","protected":false},"author":2,"featured_media":830917,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,169,99,30018,164,404026],"class_list":["post-830916","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-australian-bureau-of-statistics","tag-business","tag-consumer-price-index","tag-economy","tag-june-cpi"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/830916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=830916"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/830916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/830917"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=830916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=830916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=830916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}