Australian consumer prices increased by less than expected in April thanks to a government tax cut on fuel, data showed today, while core inflation ticked up as higher oil prices fed through to the broader economy.<\/p>\n
Figures from the Australian Bureau of Statistics showed its monthly consumer price index rose 0.4% in April, from the previous month, while the annual pace slowed to 4.2%, from 4.6%.<\/p>\n
Median forecasts had been for a rise of 0.6% in the month and an annual pace of 4.4%.<\/p>\n
The trimmed mean measure of core inflation increased by 0.3% in the month, matching forecasts and nudging the annual pace up to 3.4%, the highest since late 2024 and further above the Reserve Bank of Australia’s (RBA) target band of 2% to 3%.<\/p>\n
The largest contributors to annual inflation were housing (+6.3%), transport (+6.6%) and food and non-alcoholic beverages (+2.8%).<\/p>\n","protected":false},"excerpt":{"rendered":"Australian consumer prices increased by less than expected in April thanks to a government tax cut on fuel,…\n","protected":false},"author":2,"featured_media":469335,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-469334","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/469334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=469334"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/469334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/469335"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=469334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=469334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=469334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}