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Inflation is sinking ever lower. Now that it’s official what’s the RBA going to do?

By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

Lower petrol prices and an electricity rebate have contributed to a further fall in the quarterly measure of inflation, the Consumer Price Index.

The rate in the September quarter dropped to 2.8%, putting it for the first time within the Reserve Bank’s target range of two-point-something since the March quarter of 2020.
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