Headline inflation decelerated in April, with consumer prices increasing at an annual pace of 4.2 per cent, down from 4.6 per cent in March.

Australia’s inflation rate will fall in April, thanks to the government temporarily pausing a tax excise, but it is unlikely to stop the Reserve Bank raising interest rates again…

Headline inflation fell in April thanks to a cut in the fuel excise, but the underlying impulse is still gathering steam.