Inflation cools in Australia as oil prices stabilise
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Source: 9News
Published: 2026-05-27 11:38 UTC+10:00
Section: Finance
Factuality Score: 100
Opinion Category: Neutral
Topics: Australia, Energy, Economy & Finance, Financial Markets, Business & Economy
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Snippet:
Inflation in Australia has cooled in the 12 months to April 2026, slowing to 4.2 per cent from 4.6 per cent the month prior.New data from the Australian Bureau of Statistics (ABS) shows that trimmed mean inflation, which is the primary target used by the RBA, rose to 3.4 per cent in the 12 months to April 2026, up from 3.3 per cent in the 12 months to March 2026.Today's data was largely in line with market expectations, which are
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