Australian data - Melbourne Institute Consumer Inflation Expectations 5.2% (prior 6.0%)

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NAB forecasts Australian April headline CPI easing to 4.4% on fuel excise relief, but warns of broadening cost pass-through with trimmed mean seen at 3.4%, risk skewed higher.

Home prices climb as incomes lag, making affordability a challenge despite slight gains. Risk rises.

CBA forecasts Australian headline inflation at 4.3% for April while Westpac sees 4.8%, with both banks flagging firm underlying price pressures despite fuel excise relief.

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