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Australian consumer prices rose 1.4% in Q1, the sharpest quarterly increase since late 2023, as Middle East war energy costs fed through. Annual CPI accelerated to 4.1% and the trimmed mean core measure rose 0.8%, slightly below forecasts.
Markets still see a likely RBA rate hike next week.
Higher Australian rates tend to firm the AUD and tighten financing for Australian agribusiness, while the energy-driven inflation reinforces the cost pressure the war is placing on feed and fertiliser inputs.
marketscreener.comReutersApr 29, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
