Inflation in Australia unchanged at 2.4 %, inflation at the lowest level in 4 years

Australia Inflation in the first quarter increased by 2.4 % compared to the same period last year, as it remained at the lowest level of four years.

This was the highest Reuters expectations to climb 2.3 %, and it changed from a 2.4 % increase in the previous quarter.

The inflation in the country was largely reduced after a The highest level in 7.8 % Since the quarter ended in December 2022, as the main inflation rate of seven of the nine circles has decreased since then.

The declining inflation also granted the Australian reserve room Reducing prices to 4.1 % From 4.35 %, which has been the highest level since December 2011.

For 2025, it is expected that growth in the Australian economy and the labor market will remain strong, RBA said, But he also added that “it is not clear what will happen worldwide.”

On April 22nd, Stephen Woo, the chief economist at the Commonwealth Bank in Australia, expected that the average shrinking inflation, which excludes severe prices in prices in goods and consumer services by 0.6 % over a quarter of a quarter, leads to an increase of 2.8 % on an annual basis.

“If the average medium consumer price index is in line with our expectations (or below), we consider lowering prices in May is a terminated deal,” Wu adds.

This version also comes as Australia is preparing in the elections on May 3, with all 150 seats in the lower parliament, and 40 seats from 76 seats in the country’s Senate.

Reuters, cited newspapers, It was reported on April 28 that the Labor Party, led by current Prime Minister Anthony Albaniz, is currently carrying four points to the conservative national opposition when votes are redistributed from smaller parties.

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