Australian inflation soars to 7.3% - highest since 1990
Wednesday, 26 October 2022
Overview
Annual CPI inflation the highest since 1990
The annual CPI movement of 7.3 per cent is the highest since 1990. The past four quarters have seen strong quarterly rises off the back of higher prices for new dwelling construction, automotive fuel and food. Trimmed mean annual inflation, which excludes large price rises and falls, increased to 6.1 per cent, the highest since the ABS first published the series in 2003.