Australia’s monthly Consumer Price Index (CPI) jumped by 3.5% in the year to July, compared to a 3.8% increase seen in June, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.
The market forecast was for 3.4% growth in the reported period.
Market reaction to the Australia’s monthly CPI inflation
At the time of writing, the AUD/USD pair is trading 0.10% lower on the day to trade at 0.6785.
Australian Dollar price today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.01% | 0.01% | 0.00% | 0.03% | 0.15% | -0.04% | 0.06% | |
| EUR | -0.01% | 0.00% | -0.01% | 0.01% | 0.17% | -0.06% | 0.06% | |
| GBP | -0.02% | -0.01% | -0.03% | 0.01% | 0.15% | -0.06% | 0.05% | |
| CAD | 0.01% | 0.01% | 0.01% | 0.03% | 0.16% | -0.05% | 0.06% | |
| AUD | -0.01% | -0.01% | -0.01% | -0.03% | 0.14% | -0.07% | 0.04% | |
| JPY | -0.16% | -0.16% | -0.17% | -0.17% | -0.14% | -0.21% | -9912.05% | |
| NZD | 0.04% | 0.06% | 0.05% | 0.04% | 0.07% | 0.23% | 0.11% | |
| CHF | -0.07% | -0.06% | -0.06% | -0.06% | -0.04% | 0.10% | -0.11% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Source: https://www.fxstreet.com/news/australias-monthly-cpi-inflation-rises-to-35-yoy-in-july-vs-34-expected-202408280131