Australia’s monthly CPI spiked to 2.8% yoy in July, well above expectations of 2.3% yoy and up sharply from 1.9% yoy in June. It was the highest annual inflation rate since July 2024, breaking several months of easing price pressures. Core measures also firmed, with CPI excluding volatile items rising from 2.5% yoy to 3.2% […]The post Australia CPI jumps to 2.8%, highest in a year, rules out September RBA cut appeared first on Action Forex.