FX.co ★ Australian CPI Drops to 3.6% in First Quarter of 2024

In the first quarter of 2024, Australia's Consumer Price Index (CPI) decreased to 3.6%, down from 4.1% in the fourth quarter of 2023. The data was updated on 24th April 2024, showing a decline in the inflation rate. The comparison period for this change is year-over-year, meaning the current indicator of 3.6% is compared to the same quarter a year ago. This drop in CPI suggests a decrease in the rate of inflation in Australia, which can have implications for the country's economic policies and consumer spending habits. Stay tuned for further updates on Australia's economic indicators and their impact on the global economy.