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

Annual CPI falls in July after the federal government’s energy subsidy cut electricity bills by 5%Follow our Australia news live blog for latest updatesGet 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. Continue reading…



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 01:41:50

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