Australia's CPI rises 6.8% YoY in April 2023: ABS

For clothing and footwear, the monthly CPI grew by 2 per cent in April 2023, as compared to April 2022.

"It can be helpful to exclude items with volatile price changes from the headline CPI to provide a view of underlying inflation. When excluding these volatile items, the annual movement of the monthly CPI indicator was 6.5 per cent in April, lower than 6.9 per cent recorded in March," said Michelle Marquardt, ABS head of prices statistics.

ALCHEMPro News Desk (DP)