FX.co ★ Australia’s Weighted Mean CPI Holds Steady at 3.5% in Q2 2026

Australia’s weighted mean Consumer Price Index (CPI) remained unchanged at 3.5% in the second quarter of 2026 on a year-over-year basis, matching the rate recorded in the first quarter of 2026. The data, updated on 27 May 2026, indicate that core inflation pressures, as measured by this key underlying gauge, have neither intensified nor eased compared with the start of the year.

The weighted mean CPI, which strips out extreme price movements to provide a clearer picture of underlying inflation trends, continues to run at the same annual pace as in the previous quarter. The stability of this indicator suggests that price dynamics in Australia have been relatively consistent over the first half of 2026 when compared with the same periods a year earlier.

On a year-over-year basis, the “Actual” reading for the second quarter compares the change in prices to the same quarter a year ago, while the “Previous” reflects the first quarter’s change versus its year-ago level. Both standing at 3.5% underscores that there has been no further acceleration or deceleration in underlying inflation between these two quarters.