Ongoing price pressures in the housing market offset outright price declines in pantry staples like beef and seafood in January.
Already a subscriber?Headline inflation held steady in January at 3.4 per cent as ongoing price pressures in the housing market offset outright price declines in pantry staples like beef and seafood.
Underlying price pressures continued to moderate through the start of the year. Excluding volatile items such as fruit, fuel and holiday travel, inflation fell to 4.1 per cent from 4.2 per cent, the Australian Bureau of Statistics said on Wednesday. The cost of insurance has jumped by 16.3 per cent over the past year, due to large price rises across car and home insurance policies.
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