The annual rate of inflation picked up in August to 5.2 per cent from 4.9 per cent, according to the latest monthly measure of inflation.
The Australian Bureau of Statistics (ABS) says housing, transport, food, and insurance were the most significant drivers of the price increases.
It’s the first time the monthly inflation indicator has picked up since April, but economists were expecting it to increase last month so they weren’t taken by surprise.
Read more here: https://www.abc.net.au/news/2023-09-27/inflation-increases-to-5-2-per-cent-in-august-2023/102905550
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