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Inflation Hits 3.0% in August, RBA Holds Rates Steady

9/24/2025

24 4 Full Breakdown

Summary

Story summary

Inflation rose to 3.0% in August, highest since July 2024, driven by electricity, housing, and energy costs.
The Consumer Price Index (CPI) exceeded expectations.
Reserve Bank of Australia (RBA) is set to hold the cash rate at 3.6% for September 29–30.
Underlying inflation, measured by trimmed mean, fell to 2.6%.
NAB economists now forecast no rate cuts until May 2026.

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Story summary

Inflation rose to 3.0% in August, highest since July 2024, driven by electricity, housing, and energy costs.
The Consumer Price Index (CPI) exceeded expectations.
Reserve Bank of Australia (RBA) is set to hold the cash rate at 3.6% for September 29–30.
Underlying inflation, measured by trimmed mean, fell to 2.6%.
NAB economists now forecast no rate cuts until May 2026.