Consumer price index dropped to 2.4% in 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…
Source link : https://www.theguardian.com/business/2025/jan/29/australias-underlying-inflation-rate-falls-to-32-to-bolster-case-for-rba-rate-cut-next-month
Author : Jonathan Barrett Senior business reporter
Publish date : 2025-01-29 02:17:00
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Australia’s underlying inflation rate falls to 3.2% to bolster case for RBA rate cut next month
