Australia's consumer prices inflation accelerated at the fastest pace since 2023, driven by increases in housing and transport costs, data released by the Australian Bureau of Statistics showed Wednesday.
Consumer prices increased 4.6 percent on a yearly basis in March, marking the strongest inflation since September 2023. Although inflation accelerated from 3.7 percent seen in February, it remained below the economists' forecast of 4.8 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.