Inflation Steady in Australia
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SYDNEY] A gauge of Australia’s monthly inflation came in slightly faster than expected in April, coinciding with a period of tariff turmoil that roiled markets and encouraged the Reserve Bank of Australia (RBA) to lower interest rates last week.
Consumer Price Index (CPI) indicator rose 2.4 per cent in the 12 months to April 2025, according to the latest data from the Australian
CPI rose 2.4% year-on-year in April, data from the Australian Bureau of Statistics showed on Wednesday. The print was above expectations of 2.3% and remained at 2.4% for a third consecutive month.
After posting a 1.42% gain last week and briefly touching a six-month high of 0.6537 on Monday, AUD/USD has pulled back below the 0.6500 handle at the time of writing. The move reflects a combination of technical exhaustion and shifting macroeconomic sentiment.
2024 The AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in...