AUD CPI comes in at 103.6 against 138.2 consensus

Australia’s Consumer Price Index (CPI) was released at 00:32 UTC on 2026-10-28, printing at 103.6. This figure came in significantly below the market consensus of 138.2, marking a -25.0% surprise against expectations. The previous CPI reading was 102.3.

Following the release, the Australian dollar showed limited movement against major pairs. AUDCAD was up +18 pips after 5 minutes and +19 pips after 15 minutes. AUDCHF gained +10 pips at 5 minutes and +11 pips at 15 minutes. AUDJPY rose +12 pips at 5 minutes and +11 pips at 15 minutes. AUDNZD was up +11 pips at 5 minutes and +12 pips at 15 minutes. AUDUSD saw an increase of +9.6 pips at 5 minutes and +9.1 pips at 15 minutes. Conversely, EURAUD was down -21 pips at 5 minutes and -23 pips at 15 minutes, while GBPAUD fell -19 pips at 5 minutes and -20 pips at 15 minutes. These measured moves are small when compared to typical 1-hour moves for these pairs, which historically range from a median of 16 pips for AUDCHF to 46 pips for GBPAUD after past releases.