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Hot Topic SCIENCE
Hot Topic SCIENCE
Australia
2 mins to read

Aussie CPI at 2.4% puts rate cuts into play

Australia's economy looks set for a soft landing which is welcome news for the Government facing a May poll.

Prices for electricity, automotive fuel and new houses were the main factors in falling inflation.

A larger than expected fall in Australia’s quarterly consumer price index has increased the chances of a cut in official interest rates before a federal election which must be held by May.

The Australian Bureau of Statistics today released inflation data for the December quarter which showed that

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Lachlan Colquhoun Wed, 29 Jan 2025
Contact the Writer: lachlan@nbr.co.nz
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Aussie CPI at 2.4% puts rate cuts into play
Australia,
107574
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