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Australia inflation gauge slows sharply in December as petrol prices plunge

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December is normally a strong month for prices but this time a steep fall in petrol kept inflation restrained.

Sydney

A PRIVATE gauge of Australian inflation braked to the slowest pace in two-and-a-half years in December as petrol prices plunged, suggesting there was expanding scope for another cut in interest rates if needed to support the economy.

The TD Securities-Melbourne Institute's

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