Australian inflation eases as global oil prices begin stabilising
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Australia’s inflation rate eased slightly in the year to April 2026, offering some positive signs for households and financial markets.
New figures from the Australian Bureau of Statistics show annual inflation slowed to 4.2 per cent, down from 4.6 per cent in March.
However, underlying inflation closely watched by the Reserve Bank of Australia edged up to 3.4 per cent from 3.3 per cent.
The latest numbers were largely in line with expectations and have strengthened predictions that the RBA may keep interest rates unchanged at its June meeting.
The update comes just days after Australia’s unemployment rate increased to 4.5 per cent, adding further pressure for rates to remain on hold.
Economists say inflation is easing, but not as quickly as many Australians had hoped. Housing and transport costs continue to drive price increases, rising 6.3 per cent and 6.6 per cent respectively over the past year.
Market analysts also noted that ongoing pressures from rent and wages are proving harder to reduce, making inflation more difficult to bring under control in the short term.
Source : 9 News
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