Economy dashboard · Prices & inflation
As at 13 October 2026 · official data unless labelled
Trimmed mean inflation (monthly CPI), annual
3.6%Above the 2–3% targetunchangedAugust 2026vs target 2–3%
What the numbers are telling us
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 it should be
The RBA aims to keep inflation between 2 and 3 per cent, averaged over time. Reserve Bank of Australia, Inflation target.
Underlying inflation: the last 17 readings
Trimmed mean inflation (monthly CPI), annual, 2025-04 to 2026-08
Every figure on this page is calculated from the stored official series (ABS, CPI (ABS Data API)); the summary is written from the numbers, not edited by hand.