Australia’s underlying inflation rate falls to 3.2% to bolster case for RBA rate cut next month
The consumer price index dropped to 2.4% in the December quarter, according to ABS figures released on WednesdayFollow our Australia news live blog for latest updatesSign up for Guardian Australia’s breaking news emailAustralia’s underlying inflation rate has fallen to a three-year low of 3.2%, bolstering the case for a rate cut next month that would provide a dopamine hit to the government ahead of a cost-of-living election.The Reserve Bank of Australia’s preferred inflation gauge, which strips out volatile price swings, fell to an annual 3.2% for the December quarter, down from 3.5%. Continue reading...
The consumer price index dropped to 2.4% in the December quarter, according to ABS figures released on Wednesday
- Follow our Australia news live blog for latest updates
- Sign up for Guardian Australia’s breaking news email
Australia’s underlying inflation rate has fallen to a three-year low of 3.2%, bolstering the case for a rate cut next month that would provide a dopamine hit to the government ahead of a cost-of-living election.
The Reserve Bank of Australia’s preferred inflation gauge, which strips out volatile price swings, fell to an annual 3.2% for the December quarter, down from 3.5%. Continue reading...
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