# Australia Q1 2020 CPI: First-quarter inflation hits 5-1/2-year high

> Australia's first-quarter CPI rose 0.3% quarter on quarter, lifting annual inflation to 2.2%, the highest since 2014 and above forecasts. Analysts expect the gain to be temporary as lockdowns and collapsing energy prices weigh on second-quarter prices.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/53899-australia-q1-2020-cpi-first-quarter-inflation-hits-5-1-2-year-high
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Inflation data affects expectations for RBA policy and the AUD, while the expected energy-driven price fall signals weaker domestic demand and currency pressure.

## Read by commodity

- AUDUSD: neutral

## Sources

- cnbc.com: https://www.cnbc.com/2020/04/29/australias-q1-2020-cpi-inflation.html

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