Posted 1/10/2024, 12:36:21 AM
Inflation Eases to 4.3% in November, Raising Hopes of Future Rate Cut
- Annual inflation slowed to 4.3% in November, below expectations and the slowest rate since January 2022
- Housing, food, insurance premiums remained the biggest contributors to inflation
- Analysts say lower inflation raises chances of RBA rate cut in 2024, potentially as early as June
- Government trying to tackle inflation from "every angle" with grocery code review, subsidies
- Supermarkets defend pricing, say higher costs from suppliers, energy, logistics being passed on