New monthly inflation data shows jump from 3.6pc in September to 3.8pc in October

 Inflation jumped to 3.8 per cent in October, up from 3.6 per cent in September.

The largest contributors to annual inflation were housing (+5.9 per cent), food and non-alcoholic beverages (+3.2 per cent), and recreation and culture (+3.2 cent).

This is the first release of the complete Monthly Consumer Price Index (CPI) from the Australian Bureau of Statistics (ABS).

Michelle Marquardt, ABS head of prices statistics, says it marks the transition from the traditional quarterly CPI to the complete monthly CPI as Australia's primary measure of headline inflation.

Read more- https://www.abc.net.au/news/2025-11-26/inflation-3-8pc-october-2025-australia-bureau-of-statistics/106054014



Comments

Post a Comment

Popular posts from this blog

The ATO Raises Alarm Over $100 Billion in Unpaid Debt

Image
The Australian Taxation Office (ATO) has raised a significant alarm regarding over $100 billion in unpaid debts, marking the highest level ever recorded. Commissioner Rob Heferen highlighted that this staggering figure represents approximately one-sixth of the total tax collections from the previous financial year. The unpaid debts include crucial components like pay-as-you-go (PAYG) taxes and outstanding superannuation contributions, which have ballooned in the wake of challenges posed by the COVID-19 pandemic. With a debt collection goal aimed at ensuring fairness in the tax system, Heferen emphasized the ATO's commitment to tightening measures against unpaid GST, PAYG, and super contributions.  For further details:  https://www.business2sell.com.au/blogs/evaluation/the-ato-raises-alarm-over--billion-in-unpaid-debt
Read more

Green hydrogen is hitting hurdle after hurdle — can anything get it moving?

Image
  A few years ago, green hydrogen was the talk of Gladstone. A town built on coal was going to turn green, as the new zero-emissions fuel would become the backbone of its energy-hungry industry. Chris Skerman, who runs a local civil construction and industrial maintenance firm, remembers the conversations. "Very, very big projects were being discussed — billions and billions of dollars worth of construction in the area," he said. "It was pretty exciting." Some of the work did arrive, including Fortescue's $150 million green hydrogen facility on the city's outskirts that opened in April 2024. Just over a year later, it is now sitting silent. To read more, click here-  https://www.abc.net.au/news/2025-09-04/hydrogen-australia-energy-jobs-environment-climate/105677690
Read more

Even without Trump's tariffs, Australian farmers are losing out on billions of dollars

Image
  When Donald Trump announced the US would impose a blanket tariff of 10 per cent on Australian imports earlier this year, a commotion ensued. The president's so-called "liberation day" sent a wave of grievance through the farm sector, having not-long emerged from years of punitive trade disruptions imposed by China. The prospect of an importing nation charging an additional tax threatened a major hit to the hip pockets of those trading into the world's largest economy (by GDP) and, in turn, its markets. To read more, click here-  https://www.abc.net.au/news/2025-09-26/non-trade-barriers-trump-australian-farmers/105820528
Read more