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Australia's CPI rises 1.2% in Q3 2023, annual inflation at 5.4%

25 Oct '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • The Australian consumer price index increased by 1.2 per cent in Q3 2023, with an annual inflation rate of 5.4 per cent.
  • Automotive fuel and electricity were the primary contributors to the quarterly rise, driven by global oil prices and higher wholesale electricity costs.
  • The annual inflation rate showed a downward trend compared to previous quarters.

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