Business News

Wed Jan 31

The 7 new graphs that show inflation falling back to earth

Written by: John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

Inflation has fallen for the fourth successive quarter.

Australia’s annual inflation rate fell to 4.1% in the December quarter 2023, down from 7.8% in the December quarter 2022.

The new rate is the lowest in two years and the closest in two years to the Reserve Bank’s target band of 2–3%.

The decline in inflation exceeded market...

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