Inflation keeps falling, increasing chances of a Reserve Bank interest rate pause

The Reserve Bank of Australia does not expect inflation to fall back below 3 per cent until 2025. (ABC Melbourne: Kristian Silva)

The official measure of inflation has fallen for the second month in a row, easing pressure on the Reserve Bank of Australia (RBA) to hike interest rates next week.

On Wednesday morning, the Australian Bureau of Statistics' monthly consumer price index showed annual inflation of 6.8 per cent over the year to February, down from 7.4 per cent in January and a peak of 8.4 per cent in December.