Australia's Inflation Rate Holds Steady at 2.4% for Third Consecutive Month
Australia's annual inflation rate remained unchanged at 2.4 percent in April, marking the third consecutive month of steady price growth, the Australian Bureau of Statistics reported Tuesday.
The monthly Consumer Price Index indicator maintained its 2.4 percent annual increase through April 2025, suggesting economic stability amid global uncertainty, according to ABS data released Tuesday morning.
"Annual CPI inflation has been steady at 2.4 percent for the past three months," said Michelle Marquardt, ABS head of prices statistics.
Food and non-alcoholic beverages drove the largest price increases, rising 3.1 percent annually, followed by recreation and culture at 3.6 percent and housing at 2.2 percent. The figures reflect continued pressure on Australian households despite the overall inflation rate holding within the Reserve Bank's target range.
Egg prices surged 18.6 percent over the 12-month period as supply shortages from bird flu outbreaks hit production. However, broader food inflation showed signs of cooling, declining from 3.4 percent in March to 3.1 percent in April.
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