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Australia Inflation November 2023

Australia: Inflation moderates in November

Inflation fell to 4.3% in November from 4.9% in October, marking the lowest reading since January 2022. Softer increases in prices for food, transport, health, and recreation and culture were behind the deceleration.

Meanwhile, annual average inflation moderated to 5.9% in November from 6.2% in October.

Lastly, consumer prices rose 0.41% over the previous month in November, up from October’s flat reading.

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