Australian July inflation data due soon – an outside chance its higher than in June

<p>The monthly CPI data is due from the Australian Bureau of Statistics at 11.30am Sydney time (0130 GMT and 2130 uste)</p><p>ING preview:</p><ul><li>July CPI inflation data is forecast to decline to 5.2%YoY from 5.4% in June. But the July data will also include some chunky electricity tariff increases, so we think there is a chance the number is higher than this, with an outside chance that inflation actually rises from last month. </li></ul><p>Earlier previews and inflation-relevant posts:</p><ul><li><a href="https://www.forexlive.com/centralbank/rbas-own-staff-could-be-signalling-low-faith-in-durably-hitting-the-banks-cpi-target-20230829/" target="_blank" data-article-link="true">RBA’s own staff could be signalling low faith in durably hitting the Bank's CPI target</a></li><li><a href="https://www.forexlive.com/centralbank/preview-of-australian-july-inflation-data-due-mid-week-a-key-release-for-the-rba-and-aud-20230828/" target="_blank" data-article-link="true">Preview of Australian July inflation data due mid-week. A key release for the RBA and AUD.</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/rbas-bullock-inflation-is-still-too-high-that-will-be-my-first-priority-as-governor-20230829/" target="_blank" data-article-link="true">RBA's Bullock: Inflation is still too high, that will be my first priority as governor</a></li><li><a href="https://www.forexlive.com/centralbank/rbas-bullock-climate-change-likely-to-lead-to-more-volatile-inflation-outcomes-20230829/" target="_blank" data-article-link="true">RBA's Bullock: Climate change likely to lead to more volatile inflation outcomes</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.