Inflation eases to 4.2% as fuel prices fall but rate rise looms

Inflation eased to 4.2% in April as fuel excise relief lowered petrol prices, but economists warn the Reserve Bank may still raise interest rates later this year. Unleaded petrol averaged $2.06 a litre in April, down from $2.28 in March, though fuel remains 24% costlier than February levels.

Summary by Glance · The Guardian Australia