Australian Inflation Eases to 4.3% in November; Treasurer Says More Relief Possible
• Inflation in Australia has slowed to 4.3% in November, down from 4.9% in October and below economists' forecast of 4.4%.
• Key drivers of inflation remain housing, food, insurance, and alcohol costs. Underlying inflation excluding volatile items was 4.8% in November.
• Treasurer Chalmers said inflation is moderating but the "fight is not over yet". Further cost of living relief measures are possible in the May budget.
• The slowing inflation is positive for the RBA's interest rate decision-making. Economists predict it will influence against further rate hikes.
• Job vacancies fell slightly in November for the 6th straight quarterly drop, but the labor market remains tight at 389,000 vacancies.