Consumer price index dropped to 2.4% in December quarter, according to ABS figures released on Wednesday.
Inflation rate Australia
It's the lowest annual inflation rate in three and a half years. According to the Australian Bureau of Statistics (ABS), prices rose by 0.2 per cent in the …
The dip below 3 per cent puts the monthly measure of annual inflation back within the Reserve Bank's target band of 2-3 per centfor the first time since August …
The annual rate of inflation has increased for the first time since the December 2022 quarter. abc.net.au/news/australia-inflation-june-quarter …
Economists had tipped CPI growth for the March quarter of 0.8%, and an annual inflation rate of 3.5%
“The lower-than-expected December quarter consumer price index result should effectively kill off any lingering chance of an RBA rate hike next week,” said …