Australia’s annual inflation rate rises to 3.6 % in April contrary to expectations
by Australian Associated Press from World news | The Guardian 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
- Follow our Australia news live blog for latest updates
- Get our morning and afternoon news emails, free app or daily news podcast
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.
Continue reading...