Australia Sees Inflation Peak at 4.25% as Falling Oil Prices Ease Pressure
Updated
Updated · Bloomberg · Jun 29
Australia Sees Inflation Peak at 4.25% as Falling Oil Prices Ease Pressure
2 articles · Updated · Bloomberg · Jun 29
Summary
Australia now expects headline inflation to peak around 4.25% in mid-2026, Treasurer Jim Chalmers said, marking a lower outlook than previously forecast.
Falling oil prices drove much of the improvement, with Chalmers also citing progress in Middle East peace talks as helping reduce inflationary pressures.
The revised peak suggests price growth may top out with less intensity than earlier feared, offering a more favorable near-term inflation path for the economy.