Australia News

RBA Forecasts Inflation to Peak at 4.8 percent in June Quarter

The RBA also expects high oil prices to continue adding to inflationary pressures over the next year before underlying inflation begins to ease.
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RBA Forecasts Inflation to Peak at 4.8 percent in June Quarter
Fresh produce is seen on display at a grocery store in Sydney, Australia, on March 25, 2025. Lisa Maree Williams/Getty Images
Monica O’Shea
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The Reserve Bank of Australia (RBA) expects that the headline inflation will peak at 4.8 percent in this June quarter.

During her speech at the Bloomberg Forum for Investment Managers on May 19, RBA Assistant Governor Sarah Hunter said the Iran conflict was exacerbating inflation in Australia through multiple channels.

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Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]