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.
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
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Naziya Alvi Rahman
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Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].
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