Business News

Petrol is holding up inflation – the 7 graphs that show what's happening to prices and what it will mean for interest rates

Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

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Today’s figures from the Australian Bureau of Statistics show inflation fell in the September quarter for the third consecutive quarter.

But petrol prices kept it uncomfortably high.

After reaching a 30-year high of 7.8% at the end of 2022, annual inflation as measured by the quarterly index slid to 7% in the March quarter, fell...

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