“Annual CPI inflation was slightly lower in February, after holding steady at 2.5 per cent for the previous two months,” said Michelle Marquardt, head of prices statistics at ABS.
The country’s annual trimmed mean inflation was 2.7 per cent in February 2025. This was down slightly from the 2.8 per cent inflation in January and has remained relatively stable for three months. The annual trimmed mean is an alternative measure of underlying inflation that reduces the impact of irregular or temporary price changes.
Electricity prices in the country fell 13.2 per cent in the 12 months to February, compared to an 11.5 per cent annual fall to January. Excluding all Commonwealth and State government rebates, electricity prices would have fallen 1.2 per cent in the 12 months to February, ABS said in a press release.
In Victoria, the third instalment of the Commonwealth Energy Bill Relief Fund rebate began rolling out from January 13, 2025. Some households that missed the January payment will instead receive two rebate payments with their April bill. All households billed in February received the third instalment. As a result, national average electricity prices declined by 2.5 per cent in February.
ALCHEMPro News Desk (SG)
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