Consumer prices were unchanged in November, held down by a drop back in gasoline and motor vehicle prices. The annual rate of CPI inflation fell only marginally to a still elevated 3.4%, from 3.5%, but favourable base effects and the pass-through of the most recent drop back in commodity prices should together drive inflation below 1.0% by the end of next year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.