Inflation rises to 6.8 per cent in year to August, new ABS data reveals


Source: 7news.com.au 7news.com.au

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Australia’s inflation rate rose to 6.8 per cent in the past 12 months, spurred on by high construction and petrol costs. The Australian Bureau of Statistics reported the consumer price index rose 7 per cent in the year to July and 6.8 per cent to August. The ABS reported the monthly figures as an early indication of official September quarter data to be published on October 26. Watch the latest News on Channel 7 or stream for free on 7plus > > The new monthly CPI indicator will also be released that day. The largest contributors in the 12 months...