The Australian Bureau of Statistics (ABS) released its monthly inflation indicator for April, which surprised on the upside.
Headline inflation came in at 6.8% year-on-year, which was above expectations of a 6.4% rise.
The most significant price rises were Housing (+8.9%), Food and non-alcoholic beverages (+7.9%) and Transport (+7.1%). Petrol (gasoline) prices in the month of April were much higher than in March.
