Australian Reserve Bank Projects Inflation Rates Through 2028

The Australian Reserve Bank has released its inflation projections for the coming years. According to Jin10, the bank anticipates the Consumer Price Index (CPI) inflation rate to be 4.2% in the second quarter and 3.6% in the fourth quarter of this year. Looking further ahead, the bank forecasts a CPI inflation rate of 2.7% by the fourth quarter of 2027 and 2.6% by the second quarter of 2028. These projections reflect the bank's expectations for inflation trends over the next several years.