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AAP

Jacob Shteyman

BIZARRE: Retail sales discounts cutting away at inflation | Mind Blowing Facts

Inflation Stephen Wu RBA

Weaker November inflation data is good news for mortgage holders sweating on interest rate rises. (Glenn Hunt/AAP PHOTOS)

The prospect of another interest rate hike in February has become more remote after inflation fell faster than expected.

The Australian Bureau of Statistics consumer price index for November came in at an annual rate of 4.3 per cent, down from 4.9 per cent in October.

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