Australia’s Inflation Jumps to 7.3 Percent, Highest Since 1990

Australia’s Inflation Jumps to 7.3 Percent, Highest Since 1990
A store worker delivers fruit and vegetable produce at Paddy's Market in Sydney, Australia, on Oct. 22, 2022. Lisa Maree Williams/Getty Images
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Australia’s annual inflation rate soared to 7.3 percent in the September quarter, which is the highest level since 1990 and has the potential consequence of prolonging the interest rate hiking cycle.

During the quarter, inflation grew by 1.8 percent, on par with the growth from the previous three months.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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