Economic Buzz: Australia Q2 inflation drops to lowest since March 2021

According to Australian Bureau of Statistics, Australia?s headline inflation rate in the second quarter of the year slipped to its lowest point since March 2021, coming in at 2.1% year over year, compared to 2.4% in the preceding period. On a quarter-over-quarter basis, inflation slowed to 0.7%.

The Bureau revealed that the most significant price rises in the quarter were seen in housing, food and non-alcoholic beverages and health, although a fall in transport costs partially offset the rise.

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