Australia CPI Rises 4.6% YoY March

CPI rose 4.6% year‑on‑year in March 2026, slightly below the 4.8% forecast and up from 3.7% in the prior quarter.
Core (trimmed mean) inflation held at 3.3% YoY, unchanged month‑on‑month and above the RBA’s 2‑3% target range.
Monthly CPI increased 1.1% driven by higher transport/fuel costs from Middle‑East war‑induced oil price spikes and rising housing prices.
The RBA has lifted rates by 50 basis points this year and signals further hikes as energy‑price pressures persist despite recent petrol excise cuts.