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Australia inflation gauge slows sharply in December as petrol prices plunge

Published Mon, Jan 19, 2015 · 09:50 PM

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 monthly measure of consumer prices was unchanged in December from November, when it edged up by 0.1 per cent.

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International

International

Australia inflation gauge slows sharply in December as petrol prices plunge

International

OECD upgrades global growth outlook as US outperforms

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Banking giants race to Riyadh as MBS steps up pressure campaign

Biden now calls ally Japan ‘xenophobic’ along with China, Russia

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Australia’s March goods trade surplus narrows to more than 3-year low

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