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Australia's inflation rate now starts with a 4, allowing the RBA to hold fire on rates

  • Written by Isaac Gross, Lecturer in Economics, Monash University
Australia's inflation rate now starts with a 4, allowing the RBA to hold fire on ratesShutterstock

Australia’s inflation rate has dived from 5.6% to 4.9% in October, pushing it below 5% for the first time in 20 months.

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