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Inflation cooled more than expected in November. But rate cuts remain unlikely anytime soon

  • Written by John Hawkins, Head, Canberra School of Government, University of Canberra
Meat for sale at a market

Annual inflation cooled in November.

The latest Australian Bureau of Statistics (ABS) consumer price index (CPI) report, released on Wednesday, shows inflation over the year to November was 3.4%, down from 3.8% a month earlier.

This 3.4% inflation rate was below many economists’ expectations.

The “trimmed mean” measure of...

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