Inflation Eases But Stays High as Wages and Travel Prices Weigh on Rate Cut Hopes
- Inflation expected to have fallen in November but still high historically
- Wage growth risks weighing on future RBA rate cut decisions
- Markets pushed back expectations for rate cuts in Australia and US following jobs data
- Economists say further inflation falls likely but some sticky price pressures remain
- Key uncertainty is impact of year-end travel price increases in November CPI data