Australia's final demand Producer Price Index increased by 0.7% quarter-on-quarter in Q2 2025, missing market estimates of 0.9% which was also the growth figure in the previous quarter. The data follows a soft consumer inflation report earlier in the week,

U.S. inflation increased in June as tariffs on imports started raising the cost of some goods, supporting economists' expectations that price pressures would pick up in the second half of the year.

Inflation picked up in June, as measured by the Federal Reserve's preferred gauge, reflecting the continued price pressures that make the central bank [cautious about cutting interest rates](