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The Guardian - AU
The Guardian - AU
Business
Greg Jericho

Australian inflation is under control – now it’s time to worry about the economic health of households

United States Inflation Australia RBA
Shoppers walk by Black Friday Sale signage during Black Friday sales, in Melbourne.
Australian inflation is slowing but shoppers are increasingly turning to Black Friday and year-end sales, and cutting back on spending. Photograph: Con Chronis/AAP

That sound you heard was a massive sigh of relief from mortgage holders across the country as the latest inflation figures pretty much put an end to interest rate rises. The latest quarterly CPI figures released by the Bureau of Statistics on Wednesday showed annual inflation has fallen from 5.4% in the September quarter to just 4.1% in the December quarter of 2023:

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