Jin10 data reported on July 30, the latest data shows that Australia's core inflation rate further cooled in the second quarter, providing a stronger basis for the Reserve Bank of Australia to possibly initiate monetary policy easing as early as August. The data released by the Australian Bureau of Statistics on Wednesday showed that the core inflation rate, which excludes extreme fluctuations, rose by 0.6% quarter-on-quarter in the second quarter, lower than the expected 0.7%. Year-on-year, this indicator fell from 2.9% in the first quarter to 2.7%, in line with market expectations. Due to factors such as government subsidies that suppressed the overall inflation data, making it difficult to truly reflect price pressures in the economy, the Reserve Bank of Australia pays more attention to core inflation indicators. The core inflation rate has further dropped to 2.7%, and only in the first quarter did it enter the RBA's target range of 2%-3%, indicating that policymakers can now gradually shift the focus of policy from curbing inflation to supporting economic growth.