Business News

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

The Australian Bureau of Statistics figures relate to the newer monthly measure of annual inflation, rather than the traditional quarterly measure, which came in at 5.4% in the September quarter, down from 6% in...

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