Australia News

Australian Inflation Eases, Sparking Hopes of an Interest Rate Cut

Headline CPI inflation eased to 2.4 percent in the 12 months to December, while trimmed mean inflation moderated to 3.2 percent.
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Australian Inflation Eases, Sparking Hopes of an Interest Rate Cut
People shop for fresh produce at the Queen Victoria Market in Melbourne, Australia on July 4, 2023. William West/AFP via Getty Images
Monica O’Shea
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Australia’s annual inflation slowed down in the December, sparking hopes the Reserve Bank of Australia (RBA) could consider an interest rate cut.

Australian Bureau of Statistics (ABS) data showed trimmed mean annual inflation, which excludes items extremely price volatile items, moderated to 3.2 percent in the 12 months to December, down from 3.6 percent in September.
Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]