Good afternoon. In some good news, inflation has fallen to a two-year low, coming in at 4.1% for the December quarter – below market expectations of 4.3% – and fanning expectations of a future rate cut.
“What we’re seeing here is inflation is slowing, real wages [are] growing, and from the first of July we will see tax cuts flowing,” the treasurer, Jim Chalmers, said, welcoming the latest CPI figures.
