Australia's CPI Increased By 3.4% Year-on-year in February

Australia's CPI increased by 3.4% year-on-year in February
On the 27th, the Australian Bureau of Statistics (ABS) released the latest data, stating that the monthly Consumer Price Index (CPI) for February in Australia increased by 3.4% at an annual rate, which is unchanged from the past two months and lower than the market's generally predicted 3.5%. According to statistical data, the factors that have the greatest impact on the annual inflation rate in February are housing prices, food and non-alcoholic beverage prices, alcohol and tobacco prices, and insurance and financial service prices.