Australia monthly CPI rose form 3.5% yoy to 3.6% yoy in April, exceeding the expectation of 3.4%. This marks the second consecutive month of rising inflation. CPI excluding volatile items and holiday travel remained steady at 4.1% yoy, while the trimmed mean CPI also edged up from 4.0% yoy to 4.1% yoy.
Significant price increases were observed in several categories: Housing saw a 4.9% rise, Food and non-alcoholic beverages increased by 3.8%, Alcohol and tobacco prices surged by 6.5%, and Transport costs went up by 4.2%.
