Easing inflation takes heat off interest rate rises

By Poppy Johnston
Updated November 29 2023 - 5:10pm, first published 5:08pm
The latest consumer data shows inflation at 4.9 per cent for the year to October. (Nikki Short/AAP PHOTOS)
The latest consumer data shows inflation at 4.9 per cent for the year to October. (Nikki Short/AAP PHOTOS)

Australia's inflation rate has softened by more than expected in a promising sign for borrowers hoping for the end of the Reserve Bank's interest rate hikes.

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