Australia's CPI rises 2.3% YoY in November, garments rise 1.7% YoY

Clothing and footwear prices increased 1.8 per cent YoY in September, and 0.6 per cent YoY in October. Meanwhile prices for garments went up by 2.7 per cent YoY in September and fell by 0.5 per cent YoY in October. The annual movement for the monthly CPI indicator excluding volatile items and holiday travel was 2.8 per cent in November following a 2.4 per cent rise in October, ABS said in a press release.

Annual trimmed mean inflation, which excluded both the significant annual falls in automotive fuel and electricity, alongside other large price rises and falls, was 3.2 per cent in November, down from 3.5 per cent in October.

ALCHEMPro News Desk (SG)