Australia's inflation slowed for the second straight time in the June quarter, easing the pressure on the Reserve Bank to tighten its policy urgently at the next meeting.
Consumer price inflation slowed more than expected to 6.0 percent in the second quarter from 7.0 percent in the previous quarter, data from the Australian Bureau of Statistics showed Wednesday. The expected rate was 6.2 percent.
"This marks the second consecutive quarter of lower annual inflation, also known as 'disinflation,' from the peak of 7.8 percent in the December 2022 quarter," Michelle Marquardt, ABS head of prices statistics, said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.