FX.co ★ Australia’s Core Inflation Gauge Eases Slightly in Q1 2026

Australia’s weighted mean CPI, a key measure of underlying inflation, eased to 0.8% quarter-over-quarter in the first quarter of 2026, down from 0.9% recorded in January 2026. The data, updated on 29 April 2026, indicate a modest cooling in price pressures compared with the previous quarter.

The “actual” figure reflects the change in the current quarter relative to the previous quarter, while the “previous” reading captured the change in that earlier quarter versus the one before it. The shift from 0.9% to 0.8% suggests that, on a quarter-over-quarter basis, underlying inflation remains elevated but is edging lower, potentially influencing expectations around future monetary policy settings.