From www.aicd.com.au: Australia’s underlying inflation rate fell to 2.9% in the March quarter of 2025, marking the first sub-three percent result since late 2021, while headline inflation remained steady at 2.4%.

The Reserve Bank of Australia is expected to consider a rate cut in May 2025 due to ongoing global economic uncertainties and trade policy disruptions stemming from recent U.S. tariffs.

Australia’s trade balance showed a merchandise surplus of $6.9 billion in March 2025, influenced by a rise in non-rural exports despite declining imports.