Australia headline and core inflation above RBA target.

I’ll be back separately with details and implications (TL;DR … May rate hike).

Australia CPI Q1 2026 1.4% q/q (expected 1.4%, prior 0.6%)

• and 4.1% y/y (expected 4.1%, prior 3.6%)

Trimmed Mean (core) 0.8% q/q (expected 0.9%, prior 0.9%)

• and 3.5% y/y (expected 3.5%, prior 3.4%)

–

Australia CPI for March month +1.4% m/m (prior0.0%)

• and +4.6% y/y (expected 4.8%, prior 3.7%)

Trimmed Mean (core) +0.3% m/m (prior +0.2%)

• and +3.3% y/y (expected +3.3%, prior +3.3%)

Earlier:

• Iran war is supercharging inflation and putting a May RBA rate rise firmly on the table.

This article was written by Eamonn Sheridan at investinglive.com.