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AAP
AAP
Politics
Poppy Johnston

Easing inflation takes heat off interest rate rises

Inflation Reserve Bank the Australian Bureau of Statistics
The latest consumer data shows inflation at 4.9 per cent for the year to October. (Nikki Short/AAP PHOTOS)

Australia's inflation rate has softened by more than expected in a promising sign for borrowers hoping for the end of the Reserve Bank's interest rate hikes.

The monthly consumer price index rose 4.9 per cent over the 12 months to October, down from the 5.6 per cent increase in September.

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