Australia's CPI rises 1.2% in Q3 2023, annual inflation at 5.4%

The Australian consumer price index increased by 1.2 per cent in Q3 2023, with an annual inflation rate of 5.4 per cent. Automotive fuel and electricity were the primary contributors to the quarterly rise, driven by global oil prices and higher wholesale electricity costs. The annual inflation rate showed a downward trend compared to previous quarters.

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