Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.

Shares are mixed in Asia after U.S. stocks edged back from their all-time high, with many regional markets closed for lunar new year holidays

Asian shares are mixed in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in September.

Shares were mixed in thin Asian trading on Monday after U.S. stocks edged back from their all-time high. Oil prices fell and U.S. futures sank, while Chinese shares shed some of their early gains after a survey of manufacturers showed export orders dropping to a five-month low.

Economists polled by Reuters expect Australia’s inflation to rise 2.5% in the 12 months to the December quarter, from 2.8% in the previous year.