Australia Inflation Cools Further as Quarterly CPI Misses Expectations

Australia's inflation slowed more than expected in the second quarter, adding to evidence that price pressures continue to ease and strengthening the case for additional monetary policy easing by the Reserve Bank of Australia (RBA).

CPI (QoQ): 0.6%
Expected: 0.7%
Previous: 1.4%

CPI (YoY) (Q2): 3.9%
Expected: 4.1%
Previous: 4.1%