Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Consumer Price Index climbed to 3.4% in April 2026
FMPMonthlyReleased May 2026
Australia Consumer Price Index climbed to 3.4% in April 2026, released May 2026, up 0.1% from March's 3.3% reading. The reading matched the 3.4% consensus. The print is running well below the 12-month average of 89.07%.
Latest Release
3.4
Actual
3.4
Consensus
3.3
Previous
Median Absolute Error
±0.1 percentage points
across last 5 releases
Last Call
May 2026
Predicted: 3.4
Actual: 3.4
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Price Index (Australia) was reported at 3.4% in May 2026. This matched the market consensus of 3.4% exactly. The reading rose from the previous value of 3.3%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The trailing three releases averaged 49.3%, down from the prior three at 128.8%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
SHARE
Consumer Price Index - AU
Loading chart data...
About Consumer Price Index — Australia
DEFINITION
The Consumer Price Index (CPI) is a widely used financial indicator that measures the average change in prices of goods and services purchased by households over time. It is a key tool for tracking inflation and is used by governments, businesses, and individuals to make informed decisions about economic policies, investments, and personal finances. The CPI provides valuable insights into the overall health of the economy and helps to monitor the impact of price changes on consumers' purchasing power.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 3.5 %. Prior reading (Jan 2026): 0.8 %. Before that (Oct 2025): 0.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.