Mumbai, Nov. 26 -- Australia's inflation accelerated in October largely driven by higher electricity costs, data published by the Australian Bureau of Statistics revealed on Wednesday.
The monthly CPI rose 3.8 percent year-on-year in October after a 3.6 percent increase in September.
On a monthly basis, consumer prices remained flat in October, following September's 0.5 percent rise.
The largest contributor to annual inflation was housing, which gained 5.9 percent. This was followed by food and non-alcoholic beverages and recreation and culture, which both rose 3.2 percent, data showed.
Driven by higher electricity prices, goods inflation edged up to 3.8 percent from 3.7 percent in September. Electricity costs posted an annual growth of...