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Fresh update on Australia's inflation crisis as new figure shows where Aussies are hurting the most

11 months ago 43

Inflation in October eased to 4.9 per cent
Electricity, gas prices up by double digits

By Stephen Johnson, Economics Reporter For Daily Mail Australia

Published: 00:56 GMT, 29 November 2023 | Updated: 00:56 GMT, 29 November 2023

Australia's inflation levels have moderated but electricity and gas prices are still surging by double-digit figures.

The consumer price index eased in October to 4.9 per cent, down from an annual pace of 5.6 per cent in September, based on the monthly reading from the Australian Bureau of Statistics.

But some items still went up by double-digit figures with electricity prices rising by 10 per cent over the year as gas prices went up by 13 per cent.

Australia's inflation levels have moderated but electricity and gas prices are still surging by double-digit figures

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