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CPI cools to 4.9%

The Consumer Price Index (CPI) dropped faster than economists anticipated, coming in at 4.9% in October, a decline from 5.6% in September.

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Read more: Consumer Price IndexABS% DecemberDiana MousinaOctober CPIAustralian Bureau of StatisticsBlack FridayCyber MondayMichele BullockReserve Bank of Australia