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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