Aussie inflation roars higher

Thursday 16 April 2026

We don’t get another official release of CPI data until the end of the month, but some private surveys are already ripping higher.

The Melbourne Institute monthly gauge printed its highest ever monthly blowout of 1.3% Mom and 4.2% Yoy headline.

The NAB survey was equally bad for input costs, though it looks like businesses are struggling to pass it through in price rises.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.