Australia’s Inflation Struggle Continues as CPI Rises to 2.3 percent

Food, alcohol, and recreation costs have remained high.

A stock photo of a money box with an Australian one hundred dollar note printed on it in Sydney, Australia on Dec. 21, 2024. AAP Image/Bianca De Marchi

The latest data from the Australian Bureau of Statistics has presented negative news for the government, despite previous efforts to bring down inflation.

The Consumer Price Index (CPI) rose to 2.3 percent in the 12 months to November 2024, showing the ongoing inflationary pressures in Australia.