Australia’s monthly CPI inflation rises to 3.6% YoY in April vs. 3.4% expected

Australia’s monthly Consumer Price Index (CPI) increased at an annual pace of 3.6% in the year to April, having risen 3.5% in March, data published by the Australian Bureau of Statistics (ABS) showed Wednesday.

The market consensus was for a 3.4% acceleration in the reported period.

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