Stay up to date with what’s happened in Australian markets over the past month.
The economic event that overshadowed all others in April was the increase in inflation.
The release of the March quarter Consumer Price Index (CPI) showed inflation up 2.1% in the quarter and 5.1% on an annual basis. This was the biggest increase since 2001 and well above the Reserve Bank’s target of 2-3%.
Please get in touch on 03 9723 0522 if you’d like assistance with your personal financial situation.