Inflation eases to 4.2% but interest rate rise still on horizon, economists warn

AI Summary

Inflation dipped in the year to April as the government’s fuel excise relief kicked in, but price pressures remain and experts predict RBA may still raise cash rate Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Inflation slowed to 4.2% in the year to April as the government’s fuel excise relief fed through to lower petrol prices, even as economists warned the Reserve Bank may still need to hike interest rates later this year t... Newsiline summarises this report from The Guardian Australia and links readers to the original publisher for the full story.

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