Australia’s CPI Up 2.8% YoY in July 2025
The monthly Consumer Price Index (CPI) indicator rose 2.8 per cent in the 12 months to July 2025, according to the latest data from the Australian Bureau of Statistics (ABS).
Michelle Marquardt, ABS head of prices statistics, said: ‘The 2.8 per cent annual CPI inflation to July was up from 1.9 per cent to June. This is the highest annual inflation rate since July 2024, following several months of easing inflation.’
The largest contributors to this rise were Housing (+3.6 per cent), Food and non-alcoholic beverages (+3.0 per cent), and Alcohol and tobacco (+6.5 per cent).
When prices for some items change significantly, measures of underlying inflation (like the annual trimmed mean and CPI excluding volatile items and holiday travel) can give more insights into how inflation is trending.
‘Annual trimmed mean inflation was 2.7 per cent to July 2025. This was up from 2.1 per cent inflation to June and similar to the rate that we saw three months ago’, Ms Marquardt said.
The CPI excluding volatile items and holiday travel measure rose 3.2 per cent in the 12 months to July, compared to a 2.5 per cent rise in the 12 months to June.
https://www.abs.gov.au/media-centre/media-releases/monthly-cpi-indicator-rises-28-year-july-2025#2025-08-35