Australian monthly CPI (April 2025) 2.4% y/y (vs. 2.3% expected)

April 2025 monthly inflation CPI data from Australia

Comes in at 2.4% y/y

• expected 2.3%, prior 2.4%

Trimmed mean is 2.8% y/y

• prior 2.7%

A small tick higher for monthly inflation in Australia. In my preview earlier, and also down the bottom of this post, I have oputlined all the caveats surrounding this data. Still, a tick higher is a tick higher, so it doesn’t go into the good news bucket.

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The monthly CPI data from Australia does not show all components of the CPI, that’ll have to wait for the quarterly data release (late in April).

• The monthly CPI indicator does, however, provide a timelier indication of inflation using the same data collected for use in the quarterly CPI. The monthly reading includes updated prices for between 62 and 73 per cent of the weight of the quarterly CPI basket, its not the full picture.

This article was written by Eamonn Sheridan at www.forexlive.com.