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Data from Australian Bureau of Statistics. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia CPI climbed to 103.07% in July 2026
Australian Bureau of StatisticsMonthlyReleased August 2026
Australia CPI climbed to 103.07% in July 2026, released August 2026, up 1.04% from June's 102.03% reading. The reading matched expectations. The print is running well above the 12-month average of 78.24%. Over the past 3 months, CPI averaged 102.06%, vs 102.18% in the prior 3-month window. CPI is now the highest in 9 months.
Latest Release
103.07
Actual
102.7
Consensus
102.03
Previous
Median Absolute Error
±0.13 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 102.53
Actual: 103.07
Error: -0.54
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.71 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.57 | COMMODITIES | Moves with | → View |
| AUD/USD | ▲ Direct | +0.53 | FOREX | Moves with | → View |
| S&P/ASX 200 | ▼ Inverse | −0.34 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI (Australia) was reported at 103.07% in August 2026. This beat the market consensus of 102.7% by 0.37%. The reading rose from the previous value of 102.03%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 58.02%, ranging from 0.3% to 103.07% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 102.4%, up from the prior three at 69.24%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.13%.
WHAT TO WATCH NEXT
The next release is scheduled for September 30, 2026. Same-country events in the next 14 days include CFTC AUD speculative net positions (Sep 18) and RBA Hunter Speech (Sep 21).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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CPI - AU
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About CPI — Australia
DEFINITION
CPI, or Consumer Price Index, is a widely used economic indicator that measures the average change in prices of goods and services purchased by households. It is an important tool for assessing inflation and the overall cost of living for consumers. The CPI is calculated by tracking the prices of a basket of goods and services over time, providing valuable insights into the current state of the economy and its impact on consumers. This indicator is closely monitored by policymakers, businesses, and investors to make informed decisions about economic trends and financial strategies.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 103.1 %, consensus 102.7 %. Prior reading (Jun 2026): 102 %. Before that (May 2026): 102.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/JPY (Bearish USD, r=-0.71) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - AU Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:00 | AU | Westpac Leading Index MoM | 0 | 0.2 | 0.25 | Low | |
| 01:00 | AU | Leading Index MoM | 0 | 0.2 | 0.20 | Low | |