The monthly Consumer Price Index (CPI) indicator rose by 3.6% in the 12 months leading to April, a slight increase from the 3.5% recorded in March, ABS reported.

Michelle Marquardt, ABS head of prices statistics, highlighted the main drivers of this rise.

“Annual inflation increased to 3.6% this month, up from 3.5% in March,” Marquardt said.

“Inflation has been relatively stable over the past five months, although this is the second month in a row where annual inflation has had a small increase.”

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