Australia CPI (October) 0.0% m/m (-0.2% expected) & 3.8% y/y (3.6% expected)

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

• expected 2.9%
• +0.3% m/m

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

This article was written by Eamonn Sheridan at investinglive.com.