29-April-2026
Economy News
 
Australia Inflation Jumps With Worse to Come, Rate Hike Looms
29-Apr-2026

Australian consumer prices surged in the first quarter as war in the Middle East drove up energy costs, while core inflation stayed uncomfortably high for policymakers, keeping pressure on for a rate hike next week. The consumer price index (CPI) jumped 1.4% in the first quarter, the sharpest rise since late 2023, data from the Australian Bureau of Statistics showed on Wednesday. Annual CPI inflation accelerated to 4.1% in Q1, from 3.6%.

News Source:- https://money.usnews.com/investing/news/articles/2026-04-28/australia-consumer-prices-jump-in-q1-core-inflation-stays-high
 
 
 

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