Australia’s underlying inflation showed no further easing in the second quarter of 2026, with the weighted mean CPI remaining unchanged at 3.6% year-over-year, according to data updated on 29 July 2026. The figure matches the previous reading of 3.6%, signalling that core price pressures have neither accelerated nor cooled over the period.
The weighted mean CPI, a key measure of core inflation used to filter out volatile price movements, is calculated as the year-over-year change in prices compared with the same quarter a year earlier. The latest reading indicates that the pace of underlying inflation has plateaued, with the current quarter’s annual rate matching that of the prior period’s year-over-year comparison.
The stability of the indicator in the second quarter will likely be closely watched by policymakers and markets, as it may influence expectations about the trajectory of inflation and potential monetary policy decisions in the months ahead.