Australian inflation accelerates on credit, fuel costs

The Consumer Price Index rose 1.5% in the June quarter from the previous three months, for an annual pace of 4.5%. The quarterly rate exceeded the median in a Bloomberg survey.

Economies globally are posting higher inflation on the back of fuel, food and raw material prices that have spiraled higher. New Zealand inflation sped to a faster-than-expected 1.6% rate in the second quarter.

In the second quarter, finance and insurance services costs rose 3.8% while transportation costs rose 3.1%, the Australian Bureau of Statistics said in its report today

The Reserve Bank of Australia's benchmark rate is 7.25%.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Devon Funds Morning Note - 14 October 2026
BIT - Transaction in Own Shares
PHL - Operational Update - Q2 FY27
October 14th Morning Report
MCY - Employee Share Scheme - Financial Assistance Notice
PGW - PGG Wrightson FY27 Market Guidance
TEM - Transaction in Own Shares
October 13th Morning Report
October 12th Morning Report
TEM - Transaction in Own Shares