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The RBA's preferred metric, the trimmed mean—which filters out extreme price movements to gauge core inflation—also showed a slowdown. This further reinforces the trend of diminishing inflationary pressures, giving policymakers confidence that inflation is on a sustainable downward trajectory.
Government Response and Market Expectations
Australian Treasurer expressed satisfaction with the recent inflation figures, describing them as "outstanding" and a testament to the collective efforts in controlling inflation. The Treasurer emphasized that the figures demonstrate tangible progress in stabilizing prices and easing cost-of-living concerns for Australians.