{"id":402538,"date":"2026-04-29T02:48:08","date_gmt":"2026-04-29T02:48:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/402538\/"},"modified":"2026-04-29T02:48:08","modified_gmt":"2026-04-29T02:48:08","slug":"australian-inflation-consumer-price-index-jumps-to-4-6-on-petrol-surge-rate-hike-odds-soar","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/402538\/","title":{"rendered":"Australian inflation: Consumer Price Index jumps to 4.6% on petrol surge, rate hike odds soar"},"content":{"rendered":"<p class=\"npuzLaxKHxgCDhG\" style=\"display:none\">Meanwhile, the all-important trimmed mean inflation \u2013 which the Reserve Bank uses as it strips out seasonality and volatility came in at 3.3% over the last three months or unchanged over the 12 months until March.<\/p>\n<p class=\"npuzLaxKHxgCDhG\" style=\"display:none\">This is still above the central bank\u2019s target rate of the midpoint between 2% and 3%.<\/p>\n<p class=\"npuzLaxKHxgCDhG\" style=\"display:none\">Prior to the release, economists predicted the trimmed mean inflation rate would rise by 0.9% over the quarter, in line with the Reserve Bank\u2019s forecast.<\/p>\n<p class=\"npuzLaxKHxgCDhG\" style=\"display:none\">The market is putting an almost 80% chance the central bank raises the cash rate 25 basis points next week, which would be the third consecutive hike.<\/p>\n<p class=\"npuzLaxKHxgCDhG\" style=\"display:none\">More to come &#8230;<\/p>\n<p class=\"npuzLaxKHxgCDhG\" style=\"display:none\"><a href=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\">Sign up to Herald Premium Editor\u2019s Picks<\/a>, delivered straight to your inbox every Friday. Editor-in-Chief Murray Kirkness picks the week\u2019s best features, interviews and investigations. Sign up for Herald Premium <a href=\"https:\/\/www.nzherald.co.nz\/my-account\/subscription\/offers\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/my-account\/subscription\/offers\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Meanwhile, the all-important trimmed mean inflation \u2013 which the Reserve Bank uses as it strips out seasonality and&hellip;\n","protected":false},"author":2,"featured_media":402539,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[23963,9526,1135,26862,84865,138,3311,4187,219,5988,1644,24826,13986,1943,17095,17090,4188,1535,4486,111,139,69,6644,59966,90,22126,3333,19257,26213,1515,61],"class_list":["post-402538","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-23963","tag-another","tag-australian","tag-blow","tag-bracing","tag-business","tag-consumer","tag-cost","tag-economy","tag-families","tag-financial","tag-hike","tag-index","tag-inflation","tag-jumped","tag-jumps","tag-living","tag-march","tag-month","tag-new-zealand","tag-newzealand","tag-nz","tag-odds","tag-officially","tag-on","tag-petrol","tag-price","tag-rate","tag-soar","tag-surge","tag-to"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/402538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=402538"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/402538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/402539"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=402538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=402538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=402538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}