RBA: Statement by the Reserve Bank Board: Monetary Policy Decision

Headline inflation has fallen sharply in recent months as expected, due to declines in fuel and electricity prices. Headline inflation was 2.8 per cent over the year to the September quarter, down from 3.8 per cent over the year to the June quarter. This was as expected due to declines in fuel and electricity prices in the September quarter. But part of this decline reflects temporary cost-of-living relief. Underlying inflation, which is more indicative of inflation momentum, remains too high. Trimmed mean inflation was 3.5 per cent over the year to the September quarter and in quarterly terms the pace of decline has been gradual since mid-2023. post: RBA EXPECTS CORE INFLATION TO REACH 2.5% TARGET MIDPOINT BY LATE 2026 post: RBA WARNS OF NEED TO REMAIN VIGILANT AGAINST POTENTIAL INFLATIONARY PRESSURES post: RBA: LABOR MARKET CONDITIONS REMAIN TIGHT post: RBA PRIORITIZES SUSTAINABLY RETURNING INFLATION TO TARGET