Inflation cooled more than expected in November. But rate cuts remain unlikely anytime soon
- Written by John Hawkins, Head, Canberra School of Government, University of Canberra
Annual inflation cooled in November.
The latest Australian Bureau of Statistics (ABS) consumer price index (CPI) report, released on Wednesday, shows inflation over the year to November was 3.4%, down from 3.8% a month earlier.
This 3.4% inflation rate was below many economists’ expectations.
The “trimmed mean” measure of...
