Economy

Jan 28, 2015

CPI falls, but don’t expect a rate cut

Inflation in the December quarter showed a marked slowing, but it's unlikely to lead to an interest rate cut, Glenn Dyer and Bernard Keane write.

Cheaper petrol and a flat economy have pulled Australia’s inflation rate down to its lowest level for two years, with CPI for the December quarter just 0.2%, and 1.7% for the 2014 calendar year, according to the Australian Bureau of Statistics. Underlying cost pressures (which the Reserve Bank looks at) also remain well inside its 2-3% target range.

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