FX.co ★ Australia’s Trimmed Mean CPI Eases to 0.8% in Q1 2026, Signalling Mild Inflation Cooling

Australia’s core inflation, as measured by the Trimmed Mean CPI, edged down in the first quarter of 2026, easing to 0.8% quarter‑over‑quarter from 0.9% in the previous period. The latest reading, updated on 29 April 2026, points to a modest cooling in underlying price pressures compared with the prior quarter’s momentum.

The previous 0.9% increase, recorded in January 2026, reflected the change from the quarter before it, while the current 0.8% figure captures the change in prices over the first quarter of 2026 relative to the immediately preceding quarter. This slight step down in the Trimmed Mean CPI suggests that, on a quarter‑over‑quarter basis, underlying inflation has eased but remains relatively elevated, keeping the focus on how price dynamics evolve in the coming quarters.