The monthly Consumer Price Index in Australia increased by 2.5% yoy in January 2025, unchanged from the previous month but below market estimates of a 2.6% rise.
Still, the latest result was the highest reading in four months, with food prices rising the most in three months (3.3% vs 2.7%). Also, prices rose faster for tobacco (6.4% vs 5.8%), clothing (2.1% vs 1.3%), and housing (2.1% vs 1.5%). Excluding volatile items and travel, the CPI rose by 2.9%, the most in five months, accelerating from a 2.7% gain in the previous month.
Source: Trading Economics
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