Inflation Starts Decreasing in Australia

Australian inflation fell 0.2% in October and is the first fall since 2006. The annual amount is now 3.9%, down from 4.5% reached in September.
It is expected that inflation will continue to slide and reach RBA target of 2-3% mid 2009, well ahead of expected 2010.

Rents are also decreasing by a small percentage but will hopefully continue the trend.