Australia April CPI Forecast

ANZ Research forecasts Australia's April trimmed mean inflation to accelerate to 3.4% y/y as input costs begin filtering through the consumer basket. Headline CPI is expected at 4.3% y/y, partially offset by significant policy-driven declines in fuel and transport costs.

Key Takeaways

• 1.ANZ expects Australia's trimmed mean inflation to rise 0.3% m/m in April, pushing the annual growth rate to 3.4% y/y.
• 2.Headline inflation is projected to rise 0.5% m/m, though the annual rate is likely to moderate to 4.3% y/y from 4.6% in March.
• 3.Policy interventions, including a halved fuel excise and free public transport in Victoria and Tasmania, are significantly dampening transport costs.

Table of Contents

• Australia's April CPI: trimmed mean to accelerate to 3.4% y/y
• Breaking down our April CPI forecast
• Important Notice

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial