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Economics

Inflation drops to 5.6%

The Consumer Price Index (CPI) has fallen to 5.6%, fueling hopes the Reserve Bank of Australia (RBA) will pause interest rate hikes next week.

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Read more: ABSChalmersReserve Bank of AustraliaAustralian Bureau of StatisticsMichelle MarquardtPaul BloxhamTreasurer Jim Chalmer