May 27, 2026 – 11.52amInflation growth slowed to 4.2 per cent in April as the Albanese government’s halving of the fuel excise limited the rise in petrol prices, but new figures showed the Middle East war is pushing up prices beyond the bowser.New inflation data released by the Australian Bureau of Statistics on Wednesday showed that the headline inflation rate declined slightly from 4.6 per cent in March, lower than economists’ expectations of 4.4 per cent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Inflation growth slows to 4.2pc, but numbers hold an oil price warning
The halving of the fuel excise slowed inflation in April, but price growth remained well above the Reserve Bank’s 2 per cent to 3 per cent target range.
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