Australian inflation hits a post-1990 peak

Inflation in Australia rose to a new 32-year high of 7.8% in the final quarter of the fiscal year of 2022, rising at its steepest pace since March 1990. The annualized figure of a rise in consumer prices backed by higher prices in food, automotive fuel, and new residential construction, according to the Australian Bureau of Statistics. Prices rose the most for costs related…

This story appeared on, 2023-01-25.
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