Australia Official Inflation Holds Steady, Despite Surge in Prices for Day-to-Day Goods

Egg prices surge 18.6 percent due to bird flu, while electricity bills drop 6.5 percent over the year thanks to state and federal government rebates.

Australian $50, $20, $10 and $5 banknotes and dollar coins in Newcastle, Australia, on March 25, 2025. Roni Bintang/Getty Images

Australia’s annual inflation rate remained unchanged at 2.4 percent in April, reinforcing market expectations that the Reserve Bank may again lower interest rates at its next meeting in July.

The Australian Bureau of Statistics (ABS) confirmed on May 28, that headline inflation for the month matched February and March.