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AAP
AAP
Politics
Poppy Johnston and Dominic Giannini

Hints of cooling inflation as next rates call looms

Energy Amanda Rishworth Jim Chalmers Social Services
The Reserve Bank is widely expected to keep interest rates on hold when it meets on Tuesday. (Flavio Brancaleone/AAP PHOTOS)

A convincing slowdown in consumer price growth suggests inflation could be back within the Reserve Bank's target range earlier than expected.

The Melbourne Institute monthly inflation gauge grew 4.4 per cent over the 12 months to November, 0.7 percentage points lower than the 5.1 per cent annual lift to October. 

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