The Age
·general
·2 hours ago
Inflation retreats from three-year high
Australia's inflation fell to 4.2 percent in April from 4.6 percent in March, driven by a government fuel excise cut that reduced petrol prices 7 percent. The Australian Bureau of Statistics reported Wednesday that underlying inflation rose slightly to 3.4 percent, signaling persistent price pressures despite the headline relief from transport costs.
Summary by Glance · The Age
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