Australia CPI Jumps 4.6% YoY March

Australian CPI rose 4.6% YoY in March 2026, slightly below the 4.8% forecast but up from 3.7% previous quarter.
Monthly CPI increased 1.1% driven by higher transportation and fuel costs amid global oil price spikes from the Middle East conflict.
Core (trimmed mean) inflation held at 3.3% YoY, above the RBA’s 2‑3% target, while quarterly CPI rose 4.1% YoY.
RBA has lifted rates by 50 basis points this year and may hike further as energy price pressures persist.