Australia’s headline inflation comes in at 4.2 percent for April

What's most concerning is the fact that core inflation remains stubbornly high, ticking up - albeit slightly yet again - despite several successive interest rate rises already this year, writes KPMG Australia’s Chief Economist Brendan Rynne.

Inflation has tempered to 4.2 percent year-on-year from 4.6 percent, according to the latest data from the Australian Bureau of Statistics (ABS), but on a monthly basis headline consumer price index (CPI) only rose by 0.4 percent compared to March's monthly inflation lift of 1.1 percent. What's most concerning is the fact that core inflation remains stubbornly high, ticking up albeit slightly yet again, despite several successive interest rate rises already this year. As many as six of the ...

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Authors: Brendan Rynne

Published Date: 28 May 2026