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Breaking: Headline inflation eases to 4.2 per cent in April as fuel prices fall
Key takeaways
- Fuel prices fell 7 per cent in April, after the federal government halved the fuel excise to shield motorists from the global energy shock.
- Automotive fuel prices fell 7 per cent in April after rising 32.8 per cent in the previous month.
- The fall in fuel prices included the halving of the fuel excise on April 1, a measure introduced by the federal government to shield motorists from the global energy shock.
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Fuel prices fell 7 per cent in April, after the federal government halved the fuel excise to shield motorists from the global energy shock. (ABC News: Sharon Gordon)
Link copied Share Share article 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.
Automotive fuel prices fell 7 per cent in April after rising 32.8 per cent in the previous month.
Article preview — originally published by ABC Australia. Full story at the source.
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