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Politics

Jacob Shteyman and Andrew Brown

REVEALED: Next rba rate call hinges on crucial inflation data - The Real Truth

Reserve Bank RBA Michele Bullock Inflation Paul Bloxham

Australia has posted its lowest inflation since fuel prices surged due to war in the Middle East. (Joanna Kordina/AAP PHOTOS)

Falling inflation levels have defied Reserve Bank predictions, alleviating fears another interest-rate hike is imminent.

The latest Australian Bureau of Statistics data showed headline annual inflation falling to 3.8 per cent in June, down from four per cent a month earlier.

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