Australia's April CPI Exceeds Expectations, Core Inflation Slightly Rises to 2.8%

According to Jinshi Data, Australia's CPI in April rose 2.4% year-on-year, unchanged from March, but higher than the expected 2.3%. The increase in insurance and vacation costs offset the impact of falling gasoline prices.

The revised average annual growth rate of core CPI is 2.8%, up from 2.7% in March. The indicator excluding volatile items and holiday travel also rose from 2.6% to 2.8%.