Australia's inflation unexpectedly heats up in April, and the Reserve Bank of Australia's “higher for longer” argument is once again supported

Australia's inflation in April was faster than expected, which indicates that price pressure is still strong and provides support for the Reserve Bank of Australia to keep interest rates at a 12-year high next month.

Zhitong Finance23:06 ET

Australia's Elevated Inflation Suggests RBA to Extend Rate Pause

Australia’s inflation came in faster than expected in April, suggesting price pressures remain stubbornly strong and bolstering the case for the Reserve Bank to keep interest rates at a 12-year high next month.

BNN Bloomberg21:55 ET

Australia's Monthly CPI Inflation Rises to 3.6% YoY in April Vs. 3.4% Expected

Australia’s monthly Consumer Price Index (CPI) increased at an annual pace of 3.6% in the year to April, having risen 3.5% in March, data published by the Australian Bureau of Statistics (ABS) showed Wednesday.

FXStreet21:32 ET

Major Headwinds for Australian Economy Starting to Ease, Says Westpac

A key leading indicator of the Australian economy suggests a lot of the headwinds that slowed the commodity-rich country over recent years are beginning to ease.

WSJ20:39 ET

Eurozone Consumer Inflation Expectations Tick Down, ECB Says -- Market Talk

Eurozone consumers think inflation will be a little lower than they previously did, the European Central Bank says.

WSJMay 28 05:28 ET

ECB: Eurozone Consumer Inflation Perceptions Fall to Lowest Since September 2021

The median rate of perceived inflation by euro area consumers for the next 12 months decreased month over month in April, according to a survey published by the European Central Bank on Tuesday.

MT NewswiresMay 28 05:01 ET