Australian inflation data for October 2025.
Headline inflation is hotter than expected at 0% m/m vs. -0.2% expected
- and 3.8% y/y vs. 3.6% expected and an RBA target band of 2-3%
Core inflation is ugly, Trimmed mean 3.3% y/y
You can forget about rate cuts from the Reserve Bank of Australia with data like this.
more to come
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The monthly data has now taken on the role as the official inflation rate, replacing the quarterly release.
From the Australian Bureau of Statistics:
- the complete Monthly CPI as Australia’s primary measure of headline inflation
- ‘The complete Monthly CPI will enable earlier detection of shifts in inflation and provide better information for policy decisions that affect all Australians.’
- complete Monthly CPI release will include monthly seasonally adjusted and Trimmed mean indexes alongside comprehensive breakdowns of inflation data
more to come
