CANBERRA, ACT, May 28 -- The Treasurer of Australia issued the following media release:
New figures from the ABS show that headline and underlying inflation remained in the Reserve Bank of Australia's target band in April.
Today's result is another demonstration of the substantial and sustained progress we have made on inflation.
Headline inflation was 2.4percent through the year to April 2025, unchanged from March.
Annual Trimmed Mean inflation was 2.8percent.
Monthly headline inflation has been in the band for nine consecutive months and underlying inflation has been in the band for five consecutive months.
We know that these monthly numbers are volatile and can bounce around but the direction of travel on inflation is clear.
Anoth...