Consumer inflation eased in December to its softest reading since May 2022, though it remains above the upper limit of the Reserve Bank’s 3%-6% target range.

Headline inflation eased to 7.2% in December, in line with expectations among economists surveyed by Reuters and down from November’s 7.4%, marking a further slowdown from 7.6% in October and the peak of 7.8% in July...

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