【环球财经】2025年二季度澳大利亚通胀率降至2.1%

Core Insights - Australia's overall Consumer Price Index (CPI) year-on-year growth for Q2 2025 is 2.1%, down from 2.4% in Q1 and below the market expectation of 2.2%, marking the lowest level since Q1 2021 [1] - The quarterly inflation rate for Q2 is 0.7%, lower than Q1's 0.9% and below the market forecast of 0.8% [1] - The trimmed mean inflation rate for Q2 is 2.7%, down from 2.9% in Q1, indicating it remains above the midpoint of the Reserve Bank of Australia's (RBA) target range of 2-3% but is moving closer to it [1] Economic Outlook - The newly released inflation data is expected to alleviate the RBA's concerns about excessively high inflation [1] - The labor market may be showing signs of slowing down, which, combined with the inflation data, suggests a potential interest rate cut of 25 basis points by the RBA in August [1] - There is an increasing likelihood of further rate cuts in November 2025, February 2026, and May 2026 [1] Sector Analysis - The year-on-year inflation rate for the services sector decreased from 3.7% in Q1 to 3.3% in Q2, the lowest since June 2022, due to a slowdown in rental and insurance price increases [1] - The inflation rate for goods decreased from 1.3% in Q1 to 1.1% in Q2, primarily driven by a decline in automotive fuel prices [1] Detailed Price Changes - Year-on-year price changes for specific categories in Q2 include: - Food and non-alcoholic beverages: 3% - Alcohol and tobacco: 5.7% - Clothing and footwear: 1.2% - Housing: 2% - Health: 4.1% - Transport: -2.6% - Communication: 0.9% - Education: 5.5% - Insurance and financial services: 3.1% [2][3]