According to Jinshi, Ryan Felsman, senior economist at the Commonwealth Bank of Australia (CBA), said that although Australia's CPI data in April unexpectedly rose, the Reserve Bank of Australia recently commented that it would "ignore short-term changes in inflation", which seems to indicate that the data will not have a short-term impact on monetary policy. He added that the more policy-related economic data is the first quarter GDP report next week.

Current indicators show that economic growth was weak in the first quarter of this year, consumption growth was sluggish, and the external sector was a big drag.