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The latest official data shows inflation slowed from 4.9 per cent over the year to October to 4.3 per cent over the year to November.
The Australian Bureau of Statistics (ABS) says this is the slowest annual rate of price rises since January 2022.
Economists were generally expecting the Consumer Price Indicator to show price rises of 4.4 per cent over the year to November, so the data will likely add further weight to sentiment that the Reserve Bank has finished raising interest rates.
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