Australia’s April CPI slows to 4.4% year-over-year
The Australian Consumer Price Index is expected to slow down to a 4.4% year-on-year rate in April.
This is down from 4.6% in March, yet still above the Reserve Bank of Australia’s target for price stability.
The Trimmed Mean CPI is expected to have accelerated to 3.4% in the 12 months to April, indicating underlying inflationary trends.
The numbers may provide a momentary respite to the RBA, but do not ease pressure on the central bank to keep tightening borrowing costs.