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Economic Buzz: Australia's inflation expectations steady at 4.1% in May
15-May-2025 10:04
Consumer inflation expectations in Australia held steady at 4.1 percent in May 2025, barely changed from 4.2 percent in April. The Reserve Bank of Australia maintained its cash rate at 4.35 percent for the tenth consecutive meeting in April. Governor Michele Bullock highlighted inflation remains a key concern, despite CPI holding at 2.4 percent in both March and Q1 2025 ' the lowest since 2020. Core inflation, measured by trimmed-mean CPI, eased to 2.9 percent, its lowest since late 2021 but still slightly above the RBA's 2'3 percent target range.

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