Australian inflation rate falls to lowest level in over four years

Breakdown

• Australia's headline inflation rate has dropped to 2.1%, the lowest in more than four years. 21s
• Underlying inflation measures, including the trimmed mean, have also continued to fall. 31s
• Services inflation is now at its lowest since 2022. 41s
• The Treasurer highlighted that inflation was three times higher when the government took office. 54s
• With inflation in the Reserve Bank's target range, there is speculation about a possible interest rate cut at the next RBA meeting. 1m 16s