Page content
Australian inflation rises to 4pc
Australia’s annual rate of inflation rose to 4 percent in August, according to official figures. The Australian Bureau of Statistics (ABS) said that the consumer price index rose by 4 percent in the 12 months to August, up from 3.5 percent in July. The annual trimmed mean, a measure of underlying inflation, remained steady at 3.6 percent for the third consecutive month. [...]