Inflation rate eases slightly, but food prices continue to soar

By Yajush Gupta · 29 August 2024 · News

Inflation rate eases slightly, but food prices continue to soar

Inflation Rate Takes a Slight Breather, But What's Coming Next?

Australia's inflation rate has eased, but food prices are still on the rise. Can households afford to breathe a sigh of relief, or is this just a temporary reprieve?

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Summary

Australia's annual inflation rate cooled slightly in July, but rising food prices continue to strain household budgets.