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Australia's CPI rises 5.2% in August 2023

27 Sep '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • The Australian consumer price index (CPI) rose by *.* per cent year-on-year to August 2023, with clothing and footwear seeing a *.* per cent increase.
  • Excluding volatile items, the annual CPI increase was *.* per cent, slightly down from *.* per cent in July 2023.
  • The country's trimmed mean inflation remained at *.* per cent in August 2023.

Additionally, when volatile items and holiday travel were excluded, the annual movement for the monthly CPI indicator saw a *.* per cent rise in August, marking a slight decline from the *.* per cent increase in July.

In terms of trimmed mean inflation, the rate stood at *.* per cent in August, consistent with the *.* per cent rise observed in July, as per ABS.

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