Slight rise in Australian inflation rate driven by factors that do not justify further rate hikes

Created
Wed, 25/10/2023 - 13:10
Updated
Wed, 25/10/2023 - 13:10
Today (October 25, 2023), the Australian Bureau of Statistics released the latest – Consumer Price Index, Australia – for the September-quarter 2023. The data showed a slight uptick in the quarterly rate of inflation with the CPI rising by 1.2 per cent (up 0.4 points), largely due to petrol price rises and rental increases. The…