Australia, April and consumer inflation
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Inflation slows with headline CPI at +2.3% Y/Y, lowest since Feb 2021. Click for more on the data and what it may mean for the markets.
April CPI rose 0.2%, bringing the annual inflation rate to 2.3%—slightly below the expected 2.4% forecast. Core CPI rose 0.2% monthly and 2.8% annually, falling short of expectations but still ...
Canada's Consumer Price Index (CPI) growth slowed significantly in April. CPI fell to 1.7 per cent last month, following a 2.3 per cent increase in march. Despite that sudden cooldown, it was slightly higher than the 1.6 per cent predicted by economists before the announcement from Statistics Canada.
The United States (US) Bureau of Economic Analysis (BEA) is set to release the Personal Consumption Expenditures (PCE) Price Index data for April on Friday at 12:30 GMT. This index is the Federal Reserve’s (Fed) preferred measure of inflation.
Consumer prices rose 2.4 per cent for the year to April, according to the Australian Bureau of Statistics. It is the third month in a row that headline inflation rate has remained steady.