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The Guardian - AU
The Guardian - AU
National
Peter Hannam

Australia’s inflation rate rose to 6.8% in April driven by energy prices but price pressures eased

Inflation Reserve Bank Michelle Marquardt RBA
Members of the public are seen shopping at Paddy's Market in Sydney
Wednesday’s inflation figure of 6.8% is the one of the last pieces of information the Reserve Bank will receive before it decides on interest rates next Tuesday. Photograph: Flavio Brancaleone/AAP

Headline inflation picked up last month as energy prices jumped but the underlying price pressures eased, reducing the chances of another Reserve Bank rate rise in June.

Consumer prices advanced 6.8% in April, the Australian Bureau of Statistics said on Wednesday, a rate higher than the 6.4% pace economists had expected, and the 6.3% reading for March.

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