Australia’s Q1 inflation cools but remains elevated, keeping RBA hike bets alive
TL;DR Summary
Australia's Q1 CPI rose 4.09% year-on-year and 1.4% quarter-on-quarter, cooler than the 4.2% forecast but the highest in over two years; March inflation climbed 4.6%, underscoring persistent price pressures and keeping the case for further RBA rate hikes on the table as officials say inflation will stay above the 2%–3% target for some time. GDP grew 2.6% year-on-year in Q4, with oil-price risks adding to policy challenges ahead of the next RBA meeting.
- Australia reports lower-than-expected first-quarter inflation — but price rise highest in 2 years CNBC
- Live: Inflation rises to highest level since 2023, driven by surging fuel prices Australian Broadcasting Corporation
- Australian Inflation Holds Above Target Ahead of RBA Meeting Bloomberg.com
- Inflation jumps to 4.6% in Australia as Iran war fuel shock begins to bite The Guardian
- ASX erases losses as inflation at 4.6pc cools rate rise bets AFR
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