Australian Inflation Eases to 3.5 Percent in July as Electricity Rebates Kick In

Food and alcohol price rises offset the fall in electricity prices.

A woman shops in the refrigerated section of a supermarket in Western Australia on May 4, 2024. Susan Mortimer/The Epoch Times

Australia’s annual inflation eased slightly in July, driven by a fall in the electricity price due to government rebates for consumers.

However, this was offset by rises in food, clothing, alcohol, non-alcoholic beverages, and gas. Housing prices also rose in July but at a slower pace than in June.