The ABS has released its latest inflation data and all the ways it measures it – trend, headline and annually, are all down.

Per the ABS:

The monthly CPI indicator rose 2.4% in the 12 months to February, following a 2.5% rise in the 12 months to January. 

The monthly CPI indicator excluding volatile items and holiday travel rose 2.7% in the 12 months to February following a 2.9% rise in the 12 months to January. This series excludes Automotive fuel, Fruit and vegetables, and Holiday travel and accommodation. 

The annual trimmed mean is an alternative measure of underlying inflation that reduces the impact of irregular or temporary price changes. Annual trimmed mean inflation, which excluded the annual fall in Electricity, alongside other large price rises and falls, was 2.7% in February, down from 2.8% in January.