# Australia inflation jumps with worse to come, rate hike looms | MarketScreener

> 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.

- Date: 2026-04-29 · published 2026-04-29T12:00:00.000Z
- Category: macro · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/19974-australia-inflation-jumps-with-worse-to-come-rate-hike-looms-marketscreener
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- marketscreener.com: https://www.marketscreener.com/news/australia-inflation-jumps-with-worse-to-come-rate-hike-looms-ce7f59d3db8af425

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.