Australian inflation did not change to 2.4%, inflation to the minimum of 4 years

Of Australia The inflation of the first quarter increased 2.4% compared to the same period last year, remaining at a minimum of four years.

This was higher than reuters expectations of a 2.3% rise, and did not change the 2.4% increase in the previous quarter.

Australian Statistics Office data He said that the most significant increase in prices in this quarter were in housing, education, as well as food and non -alcoholic beverages.

This was partially compensated for falls in the prices of recreation and culture activities, as well as furniture, equipment and domestic services.

Inflation in the country has softened largely after hitting a Most high to several years of 7.8% From the quarter that ended in December 2022, with the main inflation rate decreasing for seven of the nine quarters since then.

The decrease in inflation has also provided the Bank of the Bank of the Australian Reserve Reduce 4.1% rates of 4.35%, which was its highest level since December 2011.

By 2025, growth in Australia’s economy is expected to recover and the labor market will continue to be strong, The RBA said: But he also added that “it is not clear what will happen worldwide.”

In a note of April 22, the senior economist of Commonwealth Bank of Australia Stephen Wu projected that the average trimmed inflation, which excludes extreme prices changes in consumer goods and services, would increase by 0.6% quarter to quarter, resulting in an annual increase of 2.8%.

“If the average CPI trimmed is in line with our forecast (or underneath), then we consider that a rate cut in May is a treatment made,” adds Wu.

The average inflation trimmed in the first quarter increased 0.7% in a quarter and 2.9% annual, slightly higher than WU projections.

The launch also occurs when Australia prepares for a election on May 3, with the 150 seats in the lower representatives and 40 of the 76 seats in the country’s Senate at stake.

Reuters, citing Newspoll, On April 28, he informed that the Labor Party, led by the current Prime Minister Anthony Albanese, currently has a four-point advantage over the liberal conservative opposition when the votes of smaller matches are redistributed.