Australia’s inflation data resurges in July

A key influence in this spike was the fact that households in NSW and the ACT had higher out-of-pocket costs for electricity in July, writes KPMG Australia Chief Economist Brendan Rynne.

The latest inflation data shows the jolt from the cessation and timing of cost-of-living support measures, specifically those associated with electricity rebates, has hit home – literally – in the month of July. Headline consumer price index (CPI) jumped around 0.8 percent between the months of June and July 2025, largely off the back of a 13.1 percent increase in electricity costs during that period.  A key influence in this spike was the fact that households in New South ...

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Authors: Brendan Rynne

Published Date: 28 August 2025