Inflation in Australia is unchanged by 2.4%, inflation at a 4-year minimum

Australia The first quarter inflation increased by 2.4% compared to the same period last year, remaining a four -year minimum.

This was higher than the reuters expectations of 2.3%, and the increase of 2.4% in the previous quarter.

Australian Statistics Bureau data They said the most significant increase in prices in this quarter were in housing, education, as well as food and non -alcoholic beverages.

This was partly offset by the fall of vacation and culture prices, as well as furniture, home equipment and services.

Inflation in the country is largely softened after stroke Perennial high 7.8% Since the quarter, which ended in December 2022, the inflation level has since been reduced for seven of the nine quarters.

Reduction of inflation also provided the Australian Reserve Bank Reduced speed up to 4.1% With 4.35%, which has been its highest level since December 2011.

In 2025 as expected RBA said: But he also added that “it is unclear what would be on a global scale.”

In a note on April 22, Australia’s senior economist Stephen predicts that the trimmed average inflation, which eliminates extraordinary changes in goods and consumption services, will grow by 0.6% quarter, resulting in 2.8% compared to the previous year.

“If the average CPI corresponds to our forecast (or below), then we believe that the rate decrease in May is a transaction made,” the Wu adds.

The average inflation in the first quarter increased by 0.7% on the basis of a quarter and 2.9% annually, slightly higher than the projections of the Wu.

The release also comes when Australia is preparing for the May 3 elections, with all 150 places in the lower house and 40 out of 76 places in the country’s Senate.

Reuters, citing a newspaper, On April 28, it is reported that the Labor Party, led by current Prime Minister Anthony Albanes, currently has a four-party advantage over the conservative liberal-national opposition when the voices of smaller parties are redistributed.

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