The Consumer Price Index (CPI) increased by 3.8% annually in the 12 months to June 2026, according to the Australian Bureau of Statistics. Housing drove the largest rise at 6.8%, followed by Food and non-alcoholic beverages, and Recreation and culture, both up 3.3%. Underlying inflation, measured by the Trimmed mean, remained steady at 3.6%. Electricity costs surged 22.4% annually, reflecting the end of government rebates. New dwellings saw 5.8% inflation, driven by higher material and labor costs. Transport inflation moderated to 0.1%, aided by declining fuel prices. The quarterly CPI rose 0.6%, with Trimmed mean up 0.8%. Fuel prices fell 10.9% in June due to stabilized Middle East conditions and ongoing excise relief measures. Housing inflation also reflected rising costs for Electricity and new housing developments.
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This article is a summary of content originally published by the Australian Bureau of Statistics.
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