“December quarter’s rise was the same as the 0.2 per cent increase in the September 2024 quarter. These rises were the lowest recorded since the June 2020 quarter when the CPI fell during the COVID-19 outbreak when childcare was free,” ABS head of prices statistics Michelle Marquardt said in a release.
Australia’s consumer price index (CPI) rose by 0.2 per cent quarter on quarter and 2.4 per cent YoY in the fourth quarter (Q4) last year, according to data from the Australian Bureau of Statistics.
The YoY rise was down from 2.8 per cent in Q3 2024 and the QoQ rise was the same as in Q3.
Annual trimmed mean inflation was 3.2 per cent in Q4 2024—down from 3.6 per cent in Q3.
The YoY rise of 2.4 per cent was down from 2.8 per cent in Q3 2024, she noted.
Annual trimmed mean inflation was 3.2 per cent in Q4 2024—down from 3.6 per cent in Q3.
“The trimmed mean excluded price falls in both electricity and automotive fuel this quarter, alongside other large price rises and falls. As a result, trimmed mean annual inflation of 3.2 per cent was higher than CPI inflation of 2.4 per cent,” Marquardt added.
Fibre2Fashion News Desk (DS)
