Australia CPI Jumps 4.6% YoY in March

Australian CPI rose 4.6% YoY in March 2026, slightly below consensus of 4.8% but up from 3.7% prior quarter.
Monthly CPI increased 1.1% from February, driven mainly by transportation costs as fuel prices surged amid Middle East conflict.
Core (trimmed mean) inflation held steady at 3.3% YoY, indicating underlying price pressures unchanged despite headline rise.
RBA has raised rates twice this year; housing prices added to inflation while the Australian dollar slipped 0.08% versus the US dollar.