SYDNEY – Australian consumer prices rose by more than expected in April on a jump in fuel prices and strong gains in housing, suggesting sticky inflation will likely keep pressure on the central bank. The consumer price index (CPI) rose 6.8 percent in April from a year earlier, Australian Bureau of Statistics data showed on Wednesday, compared with 6.3 percent in March and market forecasts of 6.4 percent. On a monthly basis, CPI rose by a strong 0.8 percent from March. Prices excluding volatile fruit, vegetables and fuel and holiday travel, rose 6.

https://business.inquirer.net/403510/australia-inflation-accelerates-in-april-keeps-pressure-on-rba

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