Inflation cools slightly to 7.2%, but food prices remain red hot | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 80%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Annual consumer price inflation cooled to 7.2% in December, down from 7.4% in November and 7.6% in October, Statistics SA reported on Wednesday. | News24_Business

Annual consumer price inflation cooled to 7.2% in December, down from 7.4% in November and 7.6% in October, Statistics SA reported on Wednesday.Prices of food and non-alcoholic beverages rocketed by 12.4% year-on-year, only slightly down from 12.5% in November.

Transport costs were almost 14% higher in December 2022 compared to a year ago, even after sizeable cuts in the price of diesel at the start of the month. Following further declines at the start of January, the petrol price is back to levels last seen before the invasion of Ukraine triggered an oil price surge.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business In lamens terms in October : stomachs were growling , November: Stomach were still growling nge tenor . December people didn't buy as much choice assorted ... Christmas enjani leyo ?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in AU

Australia Australia Latest News, Australia Australia Headlines