Inflation in Australia remained stable at 2.5 percent in January, according to the latest report from the Australian Bureau of Statistics.
However, while the monthly consumer price index held steady, annual inflation saw a slight increase.
Economic analysts point out that despite recent interest rate cuts by the central bank, core inflation has risen significantly.
Prices for food have risen by 3.3 percent, housing by 2.1 percent, and alcohol and tobacco by 6.4 percent. Fresh fruit, in particular, saw a sharp increase of 12.3 percent compared to February 2024.
On a more positive note, electricity bills dropped by 11.5 percent from last year, and fuel costs fell by 1.9 percent.
Despite these shifts, analysts are warning that the Reserve Bank has yet to take action against rising inflation, even though it has been a week since it reduced interest rates.
