Australian Q2 CPI Inflation Falls Below Expectations, Offering Relief to RBA

Australia's Consumer Price Index (CPI) for the second quarter came in lower than anticipated, with the year-over-year inflation rate dropping to 3.9% against a consensus of 4.1%. On a quarterly basis, inflation was 0.6% compared to the expected 0.7%. This softer inflation data provides some relief to the Reserve Bank of Australia (RBA).