Inflation is down but prices remain high: when will the cost-of-living crisis end?

The biggest inflationary shock in a generation has left Australia a much more expensive place to live. It could take years for households to catch up

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Inflation has come down from the stratospheric peaks of December 2022, dropping to 2.1% in the year to June and towards the bottom of the Reserve Bank’s 2-3% target range.

That’s the good news: things generally aren’t getting more expensive at the same breakneck pace that they were a couple of years ago.