Inflation rose again in November, making further interest rate rises more likely, with price hikes dominated by groceries, dining out, travel and housing.
abc.net.au/news/inflation-november-cpi-monthly-data-abs/101843608Inflation rose again in November, according to Australian Bureau of Statistics figures, with price hikes right across groceries, dining out, travel and housing.
ABS head of prices statistics, Michelle Marquardt, said the latest monthly data showed there were still ongoing inflationary pressures in the economy. “Increasing operating costs, including wages, electricity, and weather affected reductions in food supplies continued to drive prices up," Ms Marquardt said.
Ms Marquardt said climbing fuel prices also contributed to the rising price of travel, including flights.
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