Inflation drops to 1.5%
The annual inflation rate has dropped from 2.5% in the March Quarter to 1.5% in the June Quarter, according to figures out today.
This is the lowest level in a decade and compares with a peak of 5% in the year to September 2008.
The result is in line with economists’ forecasts, which is a highly newsworthy event in itself as they seldom get these things right.
