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Consumer prices rose 4 percent in the year through May, the slowest pace in more than two years and an encouraging sign as the Fed plots its next interest rate move.
A closely-watched government measure of inflation showed price increases cooled further last month.
. . Seventy-eight years after his exploits in World War II, the common seaman Edward 'Teddy' Sheean became the first member of the Navy to receive Australia's highest military award, the Victoria Cross.
. . House prices are likely to bounce back to pre-COVID levels early next year as the nation saw a second month of gains in November.
. . House prices have continued to rise nationally amid the coronavirus-triggered recession. Real estate analysts expect further increases by the beginning of next year.