Australian interest ratesAustralian Property

Housing a welcome drag on inflation

Leith van Onselen
Thursday 1 May 2025
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The Australian Bureau of Statistics (ABS) Q1 CPI release revealed that housing inflation is slowing rapidly, contributing to lower trimmed mean inflation.

CPI rental inflation rose by 1.2% in Q1 but moderated to 5.5% growth annually.

Annual CPI rents

The annual rate of growth was down from the peak of 7.8% in Q1 2024.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.