Inflation in Australia Jumps to Highest Level in 12 Months

Electricity prices were the major driving factor for the increase.

A general view of a Woolworths supermarket at in Melbourne, Australia, on March 26, 2025. Asanka Ratnayake/Getty Images

Australia’s inflation rate picked up speed in July, with consumer prices rising 2.8 percent over the year, the Australian Bureau of Statistics (ABS) reported.

That marks a jump from the 1.9 percent annual rise recorded in June.