‘Not considering’: Excise cut ruled out despite inflation gloom

Inflation eases slightly but more price pain expected to hit Aussies

Inflation has eased for the first time since November, but Australians could be slapped with higher prices in the coming months as experts forecast figures to soar past 5 per cent.New data from the Australian Bureau of Statistics (ABS) revealed the consumer price index eased to 3.7 per cent for the 12 months to February, down from 3.8 per cent the previous month and slightly lower than economists' expectations.The trimmed mean – the Reserve Bank…

‘Not considering’: Excise cut ruled out despite inflation gloom

Jim Chalmers has been grilled on Australia’s fuel excise after warning inflation was tipped to worsen as the Iran war hits home.

Australia politics as it happened: Treasurer Jim Chalmers responds to latest inflation figures; question time returns to parliament

Monthly inflation figures softened to 3.7 per cent, as question time returned to the House of Representatives.

Inflation still high before oil crisis, more pain to come

Australia’s inflation pace was still high at 3.7 per cent in February, suggesting there’s more pain to come from the global oil crisis.

Breaking: Inflation falls slightly in February to 3.7 per cent

However, the latest monthly data does not capture the recent rise in energy prices caused by the war in the Middle East, which began on February 28.

Australia’s CPI flat on month in February; up 3.7% on year

Australian consumer prices were flat in February as prices for domestic holidays and petrol dipped, while core inflation came in a little slower than forecast, though all this preceded the sp...