Australia’s annual consumer price index (CPI) inflation was steady at 2.1 per cent in October 2024, the lowest since July 2021, according to ABS.
Significant price drops in electricity (-35.6 per cent) and fuel (-11.5 per cent) contributed to the decline from 3.8 per cent in June.
However, trimmed mean inflation rose to 3.5 per cent, reflecting broader price trends.
Significant price drops in electricity (-35.6 per cent) and fuel (-11.5 per cent) contributed to the decline from 3.8 per cent in June.
However, trimmed mean inflation rose to 3.5 per cent, reflecting broader price trends.
