Australia’s Inflation Slows to 2.4% Ahead of RBA’s April Rate Decision

New data shows consumer prices remain within the Reserve Bank's target range as electricity and housing costs ease.

Australia's annual inflation rate fell to 2.4% in February 2025, down from 2.5% in January, according to the Australian Bureau of Statistics.
The trimmed mean measure of core inflation also eased to 2.7%, reflecting a continued moderation in price pressures.
Electricity prices and slowing housing inflation were key contributors to the softer growth in consumer prices.
The monthly consumer price index (CPI) remained flat in February compared to January, signaling stability in short-term price changes.
The Reserve Bank of Australia will make its next interest rate decision on April 1, marking the first under its new dual-board governance structure.