Inflation in Australia has risen more than 5 percent in the past year, Australian Bureau of Statistics (ABS) stats show.
The monthly Consumer Price Index (CPI) leaped 5.2 percent in the 12 months up to August 2023.
Inflation in Australia Rises 5.2 Percent
Fuel prices have also risen 13.9 percent from 12 months ago.
A customer looks at the price of limes at a fruit stand in the central business district in Sydney, Australia, on Aug. 16, 2022. Lisa Maree Williams/Getty Images
Monica O’Shea
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Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
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