Article 6HQPX Australia’s inflation falls further than expected as prices rise at slowest pace in almost two years

Australia’s inflation falls further than expected as prices rise at slowest pace in almost two years

by
Peter Hannam
from on (#6HQPX)

November figures will give RBA some comfort that its interest rate hikes are working

Australia's inflation rate slowed in November, reinforcing expectations the Reserve Bank's key interest rate has peaked.

The headline consumer price index for the month was 4.3%, down from October's 4.9%. It shows prices were rising at their slowest pace since the 4.0% reported in January 2022, the Australian Bureau of Statistics said on Wednesday. Economists had forecast November's CPI to be 4.4%.

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