Australia's Annual Inflation Rate Drops to 4.2% in April 2026

Australia's annual inflation rate has fallen to 4.2 percent in April 2026, down from 4.6 percent in March, primarily due to decreases in the transport sector. However, housing and transport remain key drivers of price increases, with significant rises in electricity, new home construction, and rent. Core inflation has slightly increased, and while fuel prices have seen some relief, they remain elevated compared to pre-Middle East tension levels, impacting goods and services reliant on transportation.