Housing and food push July CPI up 4.9%

By Yajush Gupta · 31 August 2023 · News

Housing and food push July CPI up 4.9%

Inflation Soars: What's Behind the Shocking CPI Figures?

The Australian economy is facing a consumer price crisis. Find out what's driving the 4.9% year-on-year rise in the CPI and what it means for your wallet.

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Summary

The latest data from the Australian Bureau of Statistics (ABS) reveals a 4.9% year-on-year rise in the Consumer Price Index (CPI) for July 2023.