Australian August monthly CPI 5.2% y/y
- expected 5.2%
- prior 4.9%
- the m/m rise was 0.6% from 0.3% in July
For core measures:
August CPI excluding Fruit and vegetables, Automotive fuel, and Holiday travel and accommodation 5.5% y/y
- prior 5.8% in July
- this drip lower in underlying inflation will be welcomed by the RBA
Trimmed mean CPI 5.6%
- prior also 5.6%
![Australia august cpi inflation 2023](https://images.forexlive.com/images/Australia%20august%20cpi%20inflation%202023_id_6d50adee-6e30-494b-8271-66166d13984a_original.jpg)