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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.

Shoppers walk out of a mall in Sydney's CBD in Sydney, Australia, July 3, 2024. REUTERS/Jaimi Joy/File Photo
People sit on the bank of the river Thames in front of the financial district in London, Britain, August 27, 2024. REUTERS/Hannah McKay/File Photo
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Overview

  • 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.