CPI increases for second month in a row with housing and food top contributors, lessening chances of the RBA cutting interest rates in 2024
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The inflation rate has come in above expectations, rising to 3.6% in the 12 months to April.
The consumer price index rose a touch from the year-on-year March figure of 3.5%, the Australian Bureau of Statistics said.
Continue reading…CPI increases for second month in a row with housing and food top contributors, lessening chances of the RBA cutting interest rates in 2024Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe inflation rate has come in above expectations, rising to 3.6% in the 12 months to April.The consumer price index rose a touch from the year-on-year March figure of 3.5%, the Australian Bureau of Statistics said. Continue reading…