SYDNEY] A gauge of Australia’s monthly inflation came in slightly faster than expected in April, coinciding with a period of tariff turmoil that roiled markets and encouraged the Reserve Bank of Australia (RBA) to lower interest rates last week.

Consumer Price Index (CPI) indicator rose 2.4 per cent in the 12 months to April 2025, according to the latest data from the Australian

Australian retail sales slipped unexpectedly in April as warm weather hit spending on winter clothing, data showed on Friday, while department stores suffered from a dearth of discounting events in further evidence of a cautious consumer.

Australia’s latest inflation data just hit the wires. Here’s how S&P/ASX 200 Index (ASX: XJO) investors are reacting to the news.

The Australian inflation indicator for April, published this morning, came in at 2.4%, which is slightly higher than expected, Commerzbank's FX analyst Michael Pfister notes.