Australian CPI falls but no rate cuts in sight

Quarterly CPI fell to 4.1% for the 12 months to December, while the trimmed mean is not far behind at 4.2%.

CPI & Trimmed Mean

Household rent increases remain strong, however, boosted by a surge in immigration.

CPI - Rents


Inflation, apart from rents is generally falling as the economy slows. But the RBA is unlikely to cut rates soon unless we see a sharp contraction in household consumption.

Warwick McKibbin