Australia Inflation Rate Slightly Above Estimates
Australia's annual inflation held at 3.8% in January 2026, unchanged from the previous month but topping market expectations of 3.7%. The latest result remains above the central bank's 2–3% target. Services inflation eased to 3.9% from a two-year high of 4.1%. Meanwhile, goods inflation quickened to 3.8% from 3.4%, driven by a sharp rise in electricity costs (32.2% vs 21.5%) as state rebates expired. Price pressures stayed broad-based, with continued increases in food and non-alcoholic drinks (3.1% vs 3.4%), alcohol and tobacco (5.0% vs 4.9%), clothing (5.3% vs 3.4%), furnishings (1.4% vs 2.0%), health (3.2% vs 3.6%), transport (1.1% vs 1.6%), communication (1.4% vs 1.1%), recreation (3.6% vs 4.4%), education (5.4% vs 5.4%), and financial services (2.4% vs 2.5%). The trimmed mean CPI edged up to 3.4% yoy, above both the prior figure and consensus of 3.3%. Monthly, the CPI rose 0.4%, slowing from December's 1.0% increase.(asd)
Source: Newsmaker.id
