Falling food prices helped drag inflation down
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Falling food prices helped drag inflation down
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Inflation eased further than expected last month after a dip in food and tobacco costs helped offset a jump in hotel prices.
The rate of consumer prices index inflation fell to 3.2 per cent in November, from 3.6 per cent in October
Economists expect rates to reach the government target of 2 per cent by around April
Economists predict inflation is now on track to drop to the government target of 2% in April, providing some relief for…
Consumers are paying 3.5 per cent more for food than a year ago
Tobacco and air fares contributed to rising prices
Household services contributed the biggest decline towards overall falling inflation
