A hot inflation reading from Australia. Australia Monthly CPI Indicator (YoY) (Jul) comes in at +2.8%expected 2.3%, prior 1.9%the m/m is +0.9% (prior 0.2%)The core measure, 'trimmed mean' has come in at 2.7% y/y, a very sharp jump indeedprior 2.1%AUD/USD has popped a little on the data, as high as around 0.6503. ---I posted earlier on this monthly data and how it differs to the official quarterly data:Economic calendar in Asia Wednesday, August 27, 2025 - Australian monthly CPI dataThe Australian Monthly CPI Indicator measures monthly changes in the price of a 'basket' of goods and services. Its not a complete measure of the CPI like the quarterly indicator is.For example, July, as the first month of the June quarter, is skewed toward goods and provides less insight than later months. August, the middle month, captures key services that better reflect domestic inflation, and its CPI data (due 24 September) will come just before the RBA’s 29–30 September meeting. This article was written by Eamonn Sheridan at investinglive.com.