Australian Inflation Slows in April as Fuel Prices Decline

Australian Inflation Fuel Prices Reserve Bank of Australia

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Australia's annual inflation rate decreased to 4.2% in April from 4.6% in March, driven by a 7% drop in automotive fuel prices following a halved fuel excise.
Underlying inflation (trimmed mean) rose slightly to 3.4%.

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Australia's annual inflation rate decreased to 4.2% in April from 4.6% in March, driven by a 7% drop in automotive fuel prices following a halved fuel excise. Underlying inflation (trimmed mean) rose slightly to 3.4%.

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