# Australian inflation hits 20-yr high, May rate rise seen in play | Reuters

> Australian Q1 consumer prices rose 5.1% year on year, above the 4.6% forecast, with trimmed mean inflation at 3.7%, the fastest pace in two decades. The data increased speculation the Reserve Bank of Australia could lift its 0.1% cash rate as soon as its May 3 meeting.

- Date: 2022-04-27 · published 2022-04-27T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42090-australian-inflation-hits-20-yr-high-may-rate-rise-seen-in-play-reuters
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A faster RBA tightening path strengthens the Aussie dollar against the US dollar, which affects Australian import costs and currency-linked demand for feed inputs. Hotter domestic inflation has limited direct grain price impact.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- web.archive.org: https://web.archive.org/web/20220713163935/https:/www.reuters.com/business/australian-inflation-hits-20-year-high-brings-rate-rises-near-2022-04-27/

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