Australia’s annual inflation rate rises to 3.6 % in April contrary to expectations
by Australian Associated Press from on (#6N4DW)
CPI increases for second month in a row with housing and food top contributors, lessening chances of the RBA cutting interest rates in 2024
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The inflation rate has come in above expectations, rising to 3.6% in the 12 months to April.
The consumer price index rose a touch from the year-on-year March figure of 3.5%, the Australian Bureau of Statistics said.
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