Australia’s Inflation Rate Unchanged at 2.5%
Australia’s consumer price index (CPI) stayed steady at 2.5% year-on-year for a second straight month in January. This was lower than the market estimation of 2.6% but inflation nevertheless remained at its highest level since August 2024. Inflation was driven by higher prices, for food , electricity, alcohol and tobacco.
Australia’s consumer price index (CPI) stayed steady at 2.5% year-on-year for a second straight month in January. This was lower than the market estimation of 2.6% but inflation nevertheless remained at its highest level since August 2024. Inflation was driven by higher prices, for food , electricity, alcohol and tobacco.