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AAP
AAP
Politics
Jacob Shteyman and Andrew Brown

Surprise inflation drop eases chance of RBA rate hikes

Reserve Bank RBA Michele Bullock Inflation Paul Bloxham
Australia has posted its lowest inflation since fuel prices surged due to war in the Middle East. (Joanna Kordina/AAP PHOTOS)

Falling inflation levels have defied Reserve Bank predictions, alleviating fears another interest-rate hike is imminent.

The latest Australian Bureau of Statistics data showed headline annual inflation falling to 3.8 per cent in June, down from four per cent a month earlier.

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