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Inflation falls

The government says both of the measures of inflation it tracks fell last month.


The Retail Prices Index dropped from 3.2 per cent in July to 2.6 per cent in August, while the Consumer Prices Index also fell from 2.1 per cent to 1.6 per cent.


Data from the Treasury’s Economic Affairs Division shows the price of food is one of inflation’s biggest drivers over the past year.

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