Inflation Steady in Australia: CPI Holds at 2.4% in April

Released on May 28, 2025, Australia's Consumer Price Index (CPI) for April 2025 showed a 2.4% year-on-year increase, matching the rate from March 2025 and slightly exceeding the 2.3% prediction. The constant headline CPI number indicates that inflationary pressures persist in the Australian economy.

At 2.8% year-on-year, up from 2.7% in March, the trimmed mean measure of core inflation indicates somewhat rising underlying inflation when erratic commodities are left out. Driving the increase in the CPI were rising insurance premiums and holiday expenses, which were somewhat countered by declining gasoline prices.

The April 2025 CPI statistics indicate that inflation remains generally within the Reserve Bank of Australia's (RBA) target range of 2–3%. In future monetary policy decisions, the RBA will take these statistics—including the modest rise in underlying inflation—into consideration.