Australia's headline inflation rate in the second quarter of the year slipped to its lowest point since March 2021, coming in at 2.1% year over year, compared to 2.4% in the preceding period. This was lower than the 2.

Australian consumer prices grew at the slowest pace in over four years in the June quarter, data showed on Wednesday, while core inflation hit a fresh three-year low and cemented market wagers for a cut in interest rates next month.

Australias second-quarter inflation data aligned with central bank expectations, providing a positive signal for monetary policy while keeping interest rate decisions cautious, Reserve Bank of Australia (RBA)