Australia’s inflation eases to 3-year low in August as core inflation continues to decline
Inflation in Australia slowed significantly in August, hitting its lowest level in three years. This welcome development was largely attributed to government rebates on electricity bills, which played a crucial role in easing consumer price pressures.
Australia inflation slows to 3-yr low in Aug, core still above target
Australian consumer price inflation slowed to a three-year low in August thanks to government rebates on electricity and a drop in petrol, while core inflation hit its lowest level since early 2022 in a sign costs were cooling.
Australia CPI Inflation Slows to 3-Year Low of 2.7%
SYDNEY (Reuters) - Australian consumer price inflation slowed to a three-year low in August due to government rebates on electricity and a drop in petrol, while core inflation hit its lowest since early 2022 in a sign costs were cooling albeit gradually.
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