Australia's Inflation Dip May Not Last as Iran Conflict Threatens Fuel Prices

Australia's annual CPI (consumer price index) eased to 3.8% in June, helped by a 10.9% fuel price drop tied to Middle East stabilisation. The Guardian reports that resurgent Iran conflict could reverse this trend before the August 26 CPI release. Underlying pressures persist: trimmed mean inflation rose to 3.6%, and homebuilding costs hit a three-year high.