Consumer price index dropped to 2.4% in December quarter, according to ABS figures released on Wednesday
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The latest Consumer Price Index (CPI) data shows a significant decline in inflation, bringing relief to borrowers and sparking optimism for an interest rate cut, but experts urge caution to maintain economic stability. The post CPI decline raises hopes for borrowers appeared first on Elite Agent.
Consumer price index dropped to 2.4% in December quarter, according to ABS figures released on Wednesday
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Core inflation in Australia has fallen to a better-than-expected 3.2 per cent, boosting hopes of an interest rate cut.
Slower growth in construction costs have helped ease inflation fears and raise hopes the Reserve Bank could soon start cutting interest rates.
Inflation came in lower than expected for December, with another interest rate cut next week now seen as likely.