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The Melbourne Institute (MI) released its monthly inflation data for Australia on Monday. MI Inflation gauge for Australia rose 0.1% in April, after a flat reading in March.
On a yearly basis, inflation gauge climbed 1.5% in April, after a 1.7% increase in March.
Prices for fruit and vegetables climbed 3.4% in April, medical and hospital services prices rose 3.5% and automotive fuel prices jumped 3.7%, while prices for holiday travel and accommodation slid 4.3%, prices for insurance and financial services fell 0.4% and household furniture & equipment prices were down 0.2%.
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