Australian Inflation Rate: Core CPI Lowers To 2.9%

Australia's core inflation rate has dropped to 2.9 percent, bringing some relief to households and businesses across the country. This is the lowest level in a while and shows that prices are starting to rise more slowly. Many people have been feeling the pressure of high living costs, so this drop is a welcome sign. Lower inflation can help ease the cost of everyday items like groceries, fuel and rent. It may also affect decisions made by the Reserve Bank when it comes to interest rates. For families, it could mean more breathing room in their budgets. While prices are still rising, the pace has clearly slowed. This change gives hope that the economy is moving in a more balanced direction. 

Read more- https://www.forbes.com/advisor/au/personal-finance/inflation-rate-australia/



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