Australia's inflation rate jumped to 4.3% in the year to September. That means prices are rising faster again. The new figures have fuelled fears of a fifth interest rate rise this year. A Guardian tool now lets readers track how prices have changed since 2022. It uses data from the Australian Bureau of Statistics and covers every category in the consumer price index. Readers can compare items such as electricity, insurance, eggs and fuel.
Inflation hit Australia in 2022 as the economy bounced back from Covid and supply chains struggled. Russia's invasion of Ukraine then pushed energy prices up around the world. A second energy shock came this February, when the United States and Israel went to war with Iran. Fuel costs have risen more than 20% in the past year. Over the longer run, fuel prices have roughly matched overall inflation.
These numbers decide what you pay at the checkout, the bowser and on your power bill. They also hint at whether rates will rise again.

Australia's inflation rate jumped to 4.3% in the year to September. That means prices are rising faster again. The new figures have fuelled fears of a fifth interest rate rise this year. A Guardian tool now lets readers track how prices have changed since 2022. It uses data from the Australian Bureau of Statistics and covers every category in the consumer price index. Readers can compare items such as electricity, insurance, eggs and fuel.

Inflation hit Australia in 2022 as the economy bounced back from Covid and supply chains struggled. Russia's invasion of Ukraine then pushed energy prices up around the world. A second energy shock came this February, when the United States and Israel went to war with Iran. Fuel costs have risen more than 20% in the past year. Over the longer run, fuel prices have roughly matched overall inflation.

These numbers decide what you pay at the checkout, the bowser and on your power bill. They also hint at whether rates will rise again.

📰 Source: News Source
theguardian.com ↗
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