Headline inflation has eased to an annual rate of 4 per cent in May, down from 4.2 per cent in April, according to the latest ABS data.
The better-than-predicted figure comes after sharp falls in petrol and diesel prices.
The Australian share market has started its day higher despite a major sell-off across US tech, AI and semiconductor stocks which has resulted in steep losses on Wall Street. Follow live.
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Live: Inflation eases as fuel prices come down, ASX higher
via abc.net.au
-
Small designers hitting roadblocks trying to get support against Shein copies
via abc.net.au
Small Australian fashion designers who have had their designs copied by overseas ultra-fast fashion companies say they have hit continuous roadblocks trying to get support. -
Worker accommodation opens in Horsham but more housing needed
via abc.net.au
The first stage of a $9 million private worker accommodation development, designed to make it easier to attract essential workers to western Victoria, has reached completion. -
Housing fix in town where mining and medical workers can't find rentals
via abc.net.au
The first stage of a $9 million private worker accommodation development, designed to make it easier to attract essential workers to western Victoria, has reached completion. -
They say a god lives on these islands. Both France and Vanuatu want them
via abc.net.au
Tensions are rising between Vanuatu and France as they negotiate a sovereignty dispute over two volcanic islands, believed to be inhabited by a god. -
These volcanic islands are uninhabited, but two nations are fighting over them
via abc.net.au
Tensions are rising between Vanuatu and France as they negotiate a sovereignty dispute over two volcanic islands, believed to be inhabited by a god. -
France and Vanuatu clash over remote Pacific island where 'god resides'
via abc.net.au
Tensions are rising between Vanuatu and France as they negotiate a sovereignty dispute over two volcanic islands, believed to be inhabited by a god. -
Australians understand heatwaves. Europe may now be taking tips
via abc.net.au
Europe's record-breaking heatwave has highlighted its vulnerability to climate change. But countries could look to Australia's experience with scorching summers to learn valuable lessons. -
As Europeans swelter, can they learn from Australians?
via abc.net.au
Europe's record-breaking heatwave has highlighted its vulnerability to climate change. But countries could look to Australia's experience with scorching summers to learn valuable lessons. -
Sydney, Melbourne to lead house prices falls in 'fragmented' market
via abc.net.au
House price falls of up to 7 and 8 per cent in Sydney and Melbourne have been forecast for the year ahead, according to Domain. But it's far from doom and gloom for existing owners, with resale profits hitting a record. -
Sydney, Melbourne to lead house price falls in 'fragmented' market
via abc.net.au
House price falls of up to 7 and 8 per cent in Sydney and Melbourne have been forecast for the year ahead, according to Domain. But it's far from doom and gloom for existing owners, with resale profits hitting a record. -
Sydney, Melbourne tipped to lead housing price drops as market cools
via abc.net.au
House price falls of up to 7 and 8 per cent in Sydney and Melbourne have been forecast for the year ahead, according to Domain. But it's far from doom and gloom for existing owners, with resale profits hitting a record. -
Outrage fuels right-wing firebrands as Nine deals with Karl Stefanovic's potential exit
via abc.net.au
With Karl Stefanovic's career at Nine under review he has embraced an outrage culture that experts say is all about monetisation. -
Outrage fuels right-wing firebrands as Nine deals with Karl Stefanovic
via abc.net.au
With Karl Stefanovic's career at Nine under review he has embraced an outrage culture that experts say is all about monetisation. -
Outrage fuels right wing firebrands as Nine deals with Karl Stefanovic
via abc.net.au
With Karl Stefanovic's career at Nine under review he has embraced an outrage culture that experts say is all about monetisation. -
Karl Stefanovic to reportedly leave Channel Nine after Tommy Robinson podcast
via abc.net.au
Today show host Karl Stefanovic is set to leave Channel Nine after a podcast interview with British far-right figure Tommy Robinson, Nine Newspapers is reporting. -
Karl Stefanovic expected to leave Channel Nine after Tommy Robinson podcast
via abc.net.au
Today show host Karl Stefanovic is set to leave Channel Nine after a podcast interview with British far-right figure Tommy Robinson, Nine Newspapers is reporting. -
Qld water minister calls on major water retailer to abandon price hikes
via abc.net.au
South east Queensland households will face a higher price hike on their water and sewerage bills next year. -
What this coal mine sale says about the future of the industry
via abc.net.au
An Indonesian mining company has agreed to purchase a bankrupt Queensland company's assets, which include the Vulcan coal mine in the Bowen Basin. -
'We all know each other': Why this local Canberra shopping precinct is thriving
via abc.net.au
Local shops are a distinctive feature of Canberra, but while some are thriving, others have fallen into disrepair and offer no sense of community for nearby residents. -
Canberra's local shops are distinctive. But some thrive while others fail
via abc.net.au
Local shops are a distinctive feature of Canberra, but while some are thriving, others have fallen into disrepair and offer no sense of community for nearby residents. -
Coalition's Sydney solar plan could cost billions in investment, premier says
via abc.net.au
Under the proposal, a Sydney City Renewable Energy Zone would be established to support greater use of solar and battery storage across the city, while the New England project would be scaled back and its proposed 500-kilovolt transmission line corridor scrapped. -
Coalition's renewables push 'chaos' for NSW energy plan, Minns says
via abc.net.au
Under the proposal, a Sydney City Renewable Energy Zone would be established to support greater use of solar and battery storage across the city, while the New England project would be scaled back and its proposed 500-kilovolt transmission line corridor scrapped. -
Matt Wright sued for negligence after airboat allegedly crashed into tree
via abc.net.au
A man who says he suffered a "psychiatric injury" after witnessing injuries sustained by his wife in a 2023 airboat crash is suing tour operator and Netflix star Matt Wright for negligence. -
PNG reverses bird flu ban on Australian chicken and egg imports
via abc.net.au
Australia's largest chicken meat buyer, Papua New Guinea, has reversed its decision to suspend Australian poultry and egg imports due to the H5N1 bird flu outbreak. -
Bird flu prompts Papua New Guinea to ban Australian chicken and egg imports
via abc.net.au
Australia's largest chicken meat buyer, Papua New Guinea, suspends Australian poultry and egg imports due to the H5N1 bird flu outbreak, even though Australian authorities say there is no evidence the virus has spread. -
Headline inflation down, but underlying inflation highest since 2024
via abc.net.au
Underlying inflation allows economists to look beneath the daily noise of random price movements to see what the economy's broader inflationary pressures are looking like. -
Breaking: Headline inflation down, but underlying inflation highest since 2024
via abc.net.au
Underlying inflation allows economists to look beneath the daily noise of random price movements to see what the economy's broader inflationary pressures are looking like. -
Qantas A380 to be inspected urgently after cracks found
via abc.net.au
Airbus says it will inspect 16 A380 planes, including one Qantas plane, after cracks were found in a key wing component. -
Origin 'named and shamed' for failing to pass on lower electricity prices
via abc.net.au
Treasurer David Janetzki says Origin "appears not to be doing the right thing" by increasing prices in regions where price drops were predicted.
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