Australia’s annual inflation accelerates to 4% in August from 3.5%
AI Summary
Australian inflation accelerated in August, according to the Australian Bureau of Statistics.
4% was the August annual headline inflation rate, up from 3.5% in July.
Automotive fuel prices and housing costs drove the increase, the data showed.
Australia’s annual headline inflation rose to 4% in August from 3.5% in July, with automotive fuel prices and persistent housing cost pressures driving the increase, data from the Australian Bureau of Statistics showed Wednesday.
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