Australian Inflation Decelerates in April, Market and RBA Implications

Australian Inflation RBA Interest Rates ASX Market Update

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Australia's headline inflation decreased to 4.2% in April, driven by a 7% fall in automotive fuel prices post-fuel excise cut.
Trimmed mean inflation rose to 3.4%, above the RBA's target.
Market pricing now suggests a 93% chance of the RBA holding rates in June.

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Australia's headline inflation decreased to 4.2% in April, driven by a 7% fall in automotive fuel prices post-fuel excise cut. Trimmed mean inflation rose to 3.4%, above the RBA's target. Market pricing now suggests a 93% chance of the RBA holding rates in June.

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