Consumer price index drops to 4 percent but inflation stays high
The consumer price index dropped to 4 percent in May as fuel tax relief eased inflationary pressure. Despite this reduction, inflation has remained above the Reserve Bank's target for ten consecutive months, indicating potential interest rate hikes in the future. Underlying inflation climbed to 3.6 percent, highlighting persistent cost of living challenges.
Summary by OZbrief Editorial · The West Australian · Source
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Published 24 Jun 2026, 01:36 UTC · Updated 24 Jun 2026, 01:40 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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