Tax time nears, inflation eases — and property loses momentum

Headline inflation eased slightly and unemployment rate fell, but neither was enough to convince economists that interest rate pressures are over.At the same time, the property market continued to soften, while the Australian Taxation Office urged people not to rush their tax returns Investors navigated another volatile week in global markets, with several milestones reached.Australia’s annual inflation rate eased from 4.2 per cent to 4 per cent in May, offering another sign that price pressures are gradually cooling.However, the figure attracting the most attention was underlying inflation, which removes more volatile items such as fuel prices