Wayne Cole

1 month ago | gurutrade.com | Wayne Cole |Stella Qiu |Jacqueline Wong |Sam Holmes

SYDNEY, Feb 26 (Reuters) - Australian consumer prices dipped month-on-month in January, dragged lower by a slowdown in housing costs and a drop in holiday travel, an outcome that should help reassure policymakers that inflation is heading in the right direction. Data from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index (CPI) fell 0.2% in January from December, when it rose 0.8%. The annual pace held at 2.5%, matching market forecasts.