Australia August CPI Slows to 0.4% m/m, Annual 4.0%

Australia's monthly CPI rose 0.4% in August, down from 1.0% in July, while annual inflation eased to 4.0% from 3.5% a year earlier. The slowdown suggests disinflation is underway, potentially reducing pressure on the RBA to hike further. Markets may price in a lower peak rate, supporting Australian bonds and equities.