This article has been translated from English to Gen Z Slang.
Aussie inflation rates legit spiked hard to 2.8% in July 2025, according to the ABS fam. That’s a chonky jump from June’s 1.9% and hits the highest rate in the past year, peeps. 📈
The tea? July’s inflation hike was mega driven by electricity price moves thanks to some extra drama with gov energy bill relief stuff. Syd and ACT squads didn’t get their Commonwealth Energy Bill Relief Fund coins until August, which meant digging deeper into those wallets for July. 💸
Main Vibes from Oz’s July CPI Report
- Headline inflation popping at 2.8% in July, upgraded from 1.9% in June, the biggest since July 2024
- Juicy elec prices surged 13.1% on the reg, as opposed to dropping 6.3% the previous month
- Core inflation glowed up too: CPI sans cray items hit 3.2% (up from 2.5%), while the annual trimmed mean cruised to 2.7% (from 2.1%)
- Housing costs still a big deal at 3.6%, with food and bevs following at 3.0%
- Rent growth chilled a bit, slowing to 3.9% annually—the chillest since Nov 2022
Link up to Australia's Consumer Price Index (July 2025)
ABS peeps say 🔥 that minus the gov rebates, elec prices would've been up 23.0% since June 2023, compared to 13.8% with ‘em.
Low-key positive vibes with rent prices chilling to 3.9% annually from 4.2% in June, the slowest since late 2022. ABS gives props to stable vacancy rates in the main cities, cooling down the housing stress. 🏠
Food and bev price inflation still vibing at 3.0%, spurred on by fruits and veg at 4.8%, eggs cracking at 18.0%, and coffee products buzzing up to 14.4%. Transport costs low-key helped out, with car juice prices sliding 5.5% annually. 🚗
Market Tingles
Aussie Dollar vs. Big Currencies: 15-min
Overlay of AUD vs. Major Currencies Chart by TradingView
The AUD got hype and soared across the board with the dope headline figures, which kinda slammed market expectations for another immediate rate chill from RBA. Some peeps took a break to grab profits as traders downed the legit short-lived elec inflation drama. 💡
AUD/JPY gained 0.37% while the AUD/NZD flexed 0.25% with the RBNZ policy being side-eyed. 🌐 But the glow didn't last vs. the dollar, as AUD/USD soon dipped 0.13% a few hours after the Aussie inflation scoop. 📉
