Inflation falls sharply on tumbling fuel costs, and may allow RBA to hold off on an interest rate rise
Inflation falls sharply on tumbling fuel costs, and may allow RBA to hold off on an interest rate rise
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Inflation falls sharply, 'soft enough to see the RBA halt' rate rises
The latest monthly consumer price indicator shows inflation fell sharply to 5.6 per cent over the 12 months to May, down from 6.8 per cent in April.
A large fall in the cost of fuel, reversing a sharp rise in April, was the biggest downwards contributor to prices.