Figures issued in the Asian session this morning, Wednesday, September 27, from the Australian Institute of Statistics (ABS) showed an increase in the consumer price index, which measures inflation in Australia, by 5.2% on an annual basis in August, compared to 4.9% in July, to match expectations, while the basic index, excluding volatile elements, rose.
Fuel and food supplies increased by 5.5% compared to 5.8% in July.
In detail, the most important increases in the index came from an increase in housing prices by 6.6%, driven by an increase in the costs of rent and new housing, while transportation inflation rose to 7.4% from 7%, the prices of food and non-alcoholic beverages rose by 4.4%, and the prices of insurance and financial services rose by 8.8%.
16/05/2024
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