Key Points
- Headline CPI jumped by 1.1% in the month of March, lifting the annual increase to 4.6%.
- Australian business and consumer confidence are falling.
Australia’s headline consumer price index jumped by 1.1% in March 2026. Automotive fuel was the main contributor, rising 32.8 percent in March, the strongest monthly increase since the series began in 2017. The annual CPI increase lifted to 4.6%, below the expected 4.7%, but March is too early for pass-through effects to be felt in other sectors of the economy.
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Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.