Cairns Economic Monitor - April 2026
The latest Cairns Economic Monitor paints a clear picture: rising fuel costs are tightening the screws on businesses, but not evenly. From cane growers with little pricing power to tourism and transport operators walking a fine line between higher prices and weaker demand, the pressure is building. With global tensions threatening to keep fuel prices elevated, the real question isn’t if costs will rise further, but who can afford to absorb them.
At the same time, the RBA has doubled down on its fight against inflation, lifting rates to 4.1%. While not officially linked to oil prices, the decision reflects growing global uncertainty, adding another layer of strain for businesses and households already navigating a challenging economic landscape.