
Australia CPI March 2026: headline jumps to 4.6% on fuel, trimmed mean holds at 3.3% — what this means for the 5 May RBA decision
Australia's headline annual CPI rose to 4.6% in March 2026, driven significantly by a 32.8% surge in automotive fuel prices. Despite this, the RBA's preferred trimmed mean inflation measure remained stable at 3.3%, a divergence that provides the Reserve Bank with crucial flexibility ahead of its 5 May cash rate decision, potentially allowing it to hold rates despite the headline jump that had previously fueled market expectations of a hike.


