Mumbai, Jan. 29 -- Australia's annual inflation rate fell to 2.4 percent in Q4 2024 from 2.8 percent in Q3. This marked the lowest level since Q1 2021, driven by a sharp decline in goods inflation and lower prices for electricity, fuel, housing, and health. Services inflation also eased to a three-quarter low of 4.3 percent. However, costs rose for recreation, education, and household services. The RBA's trimmed mean CPI increased 3.2 percent, still above the central bank's target.
Published by HT Digital Content Services with permission from Capital Market....