Australia’s consumer price index (CPI) eased further in November 2025, with annual inflation slowing to 3.4 per cent from 3.8 per cent in October, according to the Australian Bureau of Statistics (ABS). On a monthly basis, prices were unchanged in original terms, while the seasonally adjusted CPI rose 0.2 per cent.
The clothing and footwear group recorded a 5.1 per cent rise over the 12 months to November, reflecting higher retail prices following earlier discounting periods. On a monthly basis, clothing and footwear prices were unchanged, while the group showed a 4.6 per cent increase on a seasonally adjusted basis.
Underlying inflation also softened, with trimmed mean inflation easing to 3.2 per cent in the year to November from 3.3 per cent a month earlier.
Goods inflation moderated notably, easing to 3.3 per cent year on year (YoY) in November from 3.8 per cent in October. The deceleration was largely driven by electricity prices, which rose 19.7 per cent over the year, sharply down from a 37.1 per cent increase previously, ABS said in a press release.
The annual rise in electricity costs was mainly linked to the gradual exhaustion of the Queensland State Government electricity rebate. Excluding the impact of commonwealth and state electricity rebates, electricity prices rose 4.6 per cent in the year to November, slightly below the 5 per cent increase recorded in the year to October. This increase largely reflects annual price reviews by energy retailers implemented in July 2025.
In monthly terms, electricity prices jumped 6.8 per cent in November, driven mainly by New South Wales and the Australian Capital Territory, where households received a single payment of the extended Energy Bill Relief Fund (EBRF) rebate during the month after earlier catch-up payments, added the release.
ALCHEMPro News Desk (SG)
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