As one of the last few remaining AAA rated developed nations, Australia has a fairly high central bank interest rate compared to some of its peers. However, the cost of living in Australia has recently moderated, with the December 2012 Quarter CPI rising just 0.2%, compared with a 1.4% rise in the September Quarter.
Overall, the CPI rose just 2.2% for the year to December. The Australian Bureau of Statistics » Continue Reading.