Australia News

Australia’s Inflation Dampening, Hits 2-Year Low

In terms of quarter growth, the growth in CPI dropped from 1.2 percent in the September quarter to 0.6 percent in the December quarter.
Australia’s Inflation Dampening, Hits 2-Year Low
Shoppers looks through the bargain bins at the David Jones flagship store in Sydney, Australia, on Dec. 26, 2023. Jenny Evans/Getty Images
Alfred Bui
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Australia’s inflation has dropped again in the three months to December 2023 as price growth for most goods and services moderated.

According to the latest data from the Australian Bureau of Statistics (ABS), the annual consumer price index (CPI) grew by 4.1 percent in the December 2023 quarter, down from 5.4 percent in the September quarter and six percent in the June quarter.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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