Petrol fuels inflation spike to 3.8 per cent
3 years ago
The annual rate of inflation has soared to 3.8 per cent following a jump in fuel prices. The Australian Bureau of Statistics said the consumer price index rose 0.8 per cent in the June quarter. “Rising fuel prices accounted for much of the increase in the June quarter CPI, with prices surpassing pre-pandemic levels,” ABS head of price statistics Michelle Marquardt said on Wednesday. Fuel prices rose 6.5 per cent in the quarter, while there […]