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The Guardian

Australia’s inflation rate falls to 3.5% for the year to July as energy bills shrink

The Guardian by wa-news on The Guardian 1 view

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Annual CPI falls in July after the federal government’s energy subsidy cut electricity bills by 5%Get our morning and afternoon news emails, free app or daily news podcastInflation has fallen to its lowest level since March, pulled down by a 5% cut to electricity prices as billions of dollars in government rebates kicked in.Consumer prices fell to 3.5% in the year to July, the Australian Bureau of Statistics said on Wednesday, below Continue reading…

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Source link : https://www.theguardian.com/business/article/2024/aug/28/australia-inflation-rate-falls-today-cpi-interest-rates-rba

Author : Luca Ittimani

Publish date : 2024-08-28 03:41:50

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Tags : The Guardian

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