Expensive eggs, rental rises, falling fuel costs: what we learned from the ABS April inflation report

Economists are cautiously optimistic that inflation might dip below target by 2025, as last year's prices fell sharply beneath expectations, but rising costs for certain goods like eggs could signal ongoing challenges despite this calm surface. Experts caution that while overall inflation may be manageable, significant price hikes could persist later in the year, particularly affecting rental costs and household expenses, with energy support through rebates set to wane next year as households brace for potential power bill increases. Labor has pledged additional assistance late 2025 to help offset rising costs amid these developments.