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Australia's Inflation Steady, Projected to Drop to 1.9%

5/28/2025

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Summary

Story summary

Australia has successfully maintained inflation within the Reserve Bank's target range since August, alongside low unemployment.
Inflation is projected to decrease to 1.9% in April, driven by lower costs in clothing, home maintenance, and furniture.
The Reserve Bank of Australia is vigilant regarding labor costs and the effects of US tariffs on inflation.
Annual CPI predictions range between 2.0% and 2.3%.

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Story summary

Australia has successfully maintained inflation within the Reserve Bank's target range since August, alongside low unemployment.
Inflation is projected to decrease to 1.9% in April, driven by lower costs in clothing, home maintenance, and furniture.
The Reserve Bank of Australia is vigilant regarding labor costs and the effects of US tariffs on inflation.
Annual CPI predictions range between 2.0% and 2.3%.