Australian inflation drops from 2.5% to 2.4% - Breaking The News

Australian inflation drops from 2.5% to 2.4%

26 March

1 min read

EPA-EFE/DAN HIMBRECHTS

Inflation in Australia came in slightly lower than expected in February, with the country's monthly consumer price index (CPI) rising at an annual pace of 2.4%, lower than the 2.5% registered in January, according to a report released by the Australian Bureau of Statistics (ABS) on Wednesday.

Meanwhile, the CPI excluding volatile items and holiday travel stood at 2.7% in February, lower than the previous month's figure of 2.9%. A measure of core inflation, the "trimmed mean," which reduces the impact of irregular or temporary price changes in the CPI, came in at an annual 2.7%, down from 2.8% in January.

inflation data cpi

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