According to Jin Shi data reports, Morgan Stanley's chief economist Ben Jarman stated that Australia's April CPI data may increase by 2% year-on-year, marking the weakest inflation result since last October. Government electricity subsidies will help reduce household electricity bills.
Jarman expects prices in the food, clothing, and health categories to rise slightly, while prices in transportation, communication, and furniture categories are expected to fall slightly. He added that the inflation outlook is consistent with further interest rate cuts in August and November.