JPMorgan Forecasts Australia’s April CPI to Rise 2% YoY, Easing to 6-Month Low

JPMorgan: Australia’s April Inflation May Ease to 2% YoY, Supported by Energy ReliefAccording to Jinshi Data, Ben Jarman, Chief Economist at JPMorgan Chase, forecasts that Australia’s Consumer Price Index (CPI) will rise by 2% year-on-year in April, marking the weakest inflation print since October 2024. The moderation in inflation is attributed in part to government electricity subsidies, which are expected to lower household energy costs and contribute to easing headline CPI figures. Breakdown by Category: Mixed Price Pressures ExpectedJarman projects a slight increase in prices across key consumer categories:Food, clothing, and health: Minor upticks in pricingTransport, communication, and furniture: Modest price declines expectedThe balanced inflation outlook reflects stable demand and targeted cost relief measures, softening price pressures across non-energy sectors. Rate Cut Outlook: Two Reductions Expected in 2025Jarman stated that the inflation trajectory supports two interest rate cuts, likely to be delivered by the Reserve Bank of Australia (RBA) in August and November 2025, barring any unexpected macroeconomic shocks source: https://www.binance.com/en/square/post/24755952539705?utm_source=BinanceNewsRSS