"December quarter’s rise was the same as the 0.2 per cent increase in the September 2024 quarter. These rises were the lowest recorded since the June 2020 quarter when the CPI fell during the COVID-19 outbreak when childcare was free,” ABS head of prices statistics Michelle Marquardt said in a release.
The YoY rise of 2.4 per cent was down from 2.8 per cent in Q3 2024, she noted.
Annual trimmed mean inflation was 3.2 per cent in Q4 2024—down from 3.6 per cent in Q3.
“The trimmed mean excluded price falls in both electricity and automotive fuel this quarter, alongside other large price rises and falls. As a result, trimmed mean annual inflation of 3.2 per cent was higher than CPI inflation of 2.4 per cent,” Marquardt added.
ALCHEMPro News Desk (DS)
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