# Consumer Price Index inflation climbs to 1.0% vs. 0.8% expected

> Australia's Q1 CPI rose 1.0% quarter on quarter, above the 0.8% consensus, while annual inflation eased to 3.6%. Goods inflation slowed further, and services inflation eased to 4.3%.

- Date: 2024-04-24 · published 2024-04-24T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/30997-consumer-price-index-inflation-climbs-to-1-0-vs-0-8-expected
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A hotter-than-expected inflation print delays RBA easing, supporting the Australian dollar and tightening financial conditions, with no direct feed commodity impact.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/australia-cpi-preview-inflation-set-to-remain-above-target-as-hopes-of-early-interest-rate-cuts-fade-202404232230

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