Australia's consumer inflation cooled slightly in January, coming in at 4.6% year-over-year compared to 4.7% the previous month. While still elevated, the downward tick suggests gradual progress toward the central bank's target range. For crypto investors watching global liquidity conditions, Australia's inflation trajectory offers clues about RBA policy direction—tighter monetary conditions typically compress risk appetite, though stabilizing price pressures could eventually support looser financial conditions down the line. Keep an eye on how this trend unfolds across other developed economies.