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.

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.