Australia's core inflation slows, keeping door open to Feb rate cut

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SYDNEY: Australian consumer price inflation crept up from three-year lows in November as electricity costs jumped, but a drop in core inflation still bolstered the case for a cut in interest rates as early as next month.

Electricity subsidies from the federal and state governments still lowered prices by 21.5% from a year prior.

Pedestrians walk past the Reserve Bank of Australia (RBA) headquarters building in Sydney, New South Wales, Australia, 02 August 2016.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaNew Zealand

Topics: CPI Economy /Business/Business News RBA Interest rate Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 10:34:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © The Star

News ID: 24968896

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