India, Jan. 29 -- Australia's consumer price inflation eased in December to the lowest since early 2021 on falling electricity and auto fuel prices, the Australian Bureau of Statistics reported Wednesday.
Consumer prices logged an annual increase of 2.4 percent in the December quarter, following a 2.8 percent rise in the preceding period. This was the lowest rate since March 2021.
The main contributors to the slowing of annual inflation were large falls in electricity and automotive fuel, with easing inflation for new dwelling prices.
On a quarterly basis, the consumer price index rose 0.2 percent, the same pace of growth as seen in the September quarter.
The 0.2 percent increase was the lowest recorded since the June 2020 quarter when ...