Inflation tipped to rise despite falling fuel prices
Inflation in Australia is expected to rise despite falling fuel prices, with annual inflation forecasted to increase from 4.2 to 4.3 percent in May. AMP chief economist Shane Oliver anticipates a 0.4 percent decline in headline inflation due to a 15 percent drop in fuel prices, though underlying inflation is projected to rise to 3.5 percent.
Summary by OZbrief Editorial · The West Australian · Source
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Published 23 Jun 2026, 17:33 UTC · Updated 23 Jun 2026, 17:40 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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