Australia’s Annual Inflation Rises 3.0% in August as Core Price Growth Eases
The consumer price index climbed year-on-year, but core inflation data indicates a slowdown in underlying price pressures.
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Terms & Concepts
Consumer Price Index (CPI): A measure that examines the weighted average of prices for a basket of consumer goods and services, used to gauge inflation.
Core Inflation: An inflation measure that excludes volatile items like food and energy to provide a clearer view of underlying price trends.