Inflation eased slightly in February, but bears little significance

The potential impacts of the Middle East conflict are already translating to higher oil prices, which are now beginning to have a flow on effect through the entire economy, as detailed by KPMG Australia Chief Economist Brendan Rynne.

The monthly Consumer Price Index (CPI) data, released this week, reveals the economy had started to bounce back slightly in February from the recent resurgence in inflation, but the recovery is expected to be short lived. The figures might seem like a glimmer of good news, but unfortunately bears little significance. The oil crisis shock ricocheting through the economy right now is expected to reverse the meagre gains achieved in February, with the impact of the fuel crisis not factored int...

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Authors: Brendan Rynne

Published Date: 26 March 2026