Inflation expectations ease as petrol prices drop

Inflation expectations in Australia have eased to 6.1% from 7% at the end of May, driven by declining petrol prices following reduced tensions in the Middle East. Headline inflation has dropped to 4.2% according to ABS data, with fuel prices providing significant relief. Markets anticipate the RBA will pause rate rises at the June meeting after implementing three hikes earlier in the year.See omnystudio.com/listener for privacy information.