Inflation Rate Australia June 2024. Inflation in the services sector, for example, remained at 5.7% in june, while core inflation, which strips out the effects of more volatile items like energy prices, held at 3.5%. The most significant price rises this quarter were rents (+2.1%), secondary education (+6.1%), tertiary education (+6.5%) and medical and hospital services (+2.3%).
That said, the most recent data continued to highlight persistent service inflation. The monthly consumer price index (cpi) indicator rose 4.0 per cent in the 12 months to may 2024, up from 3.6 per cent in april, according to the latest data from the australian bureau of statistics (abs).
Inflation Rate Australia June 2024 Images References :