Inflation Rises in September Quarter, Deepening Fears of Further Rate Rises Introduction Australia’s Consumer Price Index (CPI) has risen 1.2 per cent in the September 2023 quarter, sparking concerns that the nation’s central bank may be forced to increase interest rates. The new data from the Australian Bureau of Statistics (ABS) reveals that inflation rose […]
Inflation on the Rise: Higher Fuel Prices Push Consumer Price Index Higher to 1.2% The latest data from the Australian Bureau of Statistics has revealed that Australia‘s inflation rate rose by 1.2% in the September quarter, surpassing economists’ expectations. The increase was primarily driven by higher fuel prices, which have put additional pressure on the […]