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Australia's inflation rate now starts with a 4, allowing the RBA to hold fire on rates

  • Written by The Conversation
Australia's inflation rate now starts with a 4, allowing the RBA to hold fire on ratesShutterstock

Australia’s inflation rate has dived from 5.6% to 4.9% in October, pushing it below 5% for the first time in 20 months.

The Australian Bureau of Statistics figures relate to the newer monthly measure of annual inflation, rather than the traditional quarterly measure, which came in at 5.4% in the September quarter, down from 6% in...

Read more: Australia's inflation rate now starts with a 4, allowing the RBA to hold fire on rates

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