Economy dashboard · Prices & inflation
As at 13 October 2026 · official data unless labelled
Is inflation back in the RBA's 2–3 per cent target band?
Trimmed mean inflation (monthly CPI), annual
August 20263.6%Above the 2–3% targetunchangedtarget 2–3%
Trimmed mean inflation (monthly CPI), annual was 3.6% in August 2026, unchanged on the previous reading (3.6%).
That is 0.6 pts above the RBA's 2–3 per cent target band.
It is above its average since April 2025 of 3.28%.
Why it matters. The RBA's preferred measure of underlying inflation: it drops the biggest price moves each period, so it shows the trend that rate decisions respond to.
What's driving it
4 of 4 under pressureOn target or better than usualWorse than usualOutside the target bandA level, neither better nor worseBars show how far each reading sits from its benchmark: left of centre below it, right above it.