Inflation rates are high - this is where Sydneysiders will see the biggest price increases | MattWadeSMH
Australia’s inflation rate is the highest in decades, but Sydney’s consumers are not feeling the pinch quite as much as those in other capitals.released by the Bureau of Statistics on Wednesday showed prices in Sydney climbed 5.3 per cent in the year to June, well below the national rate of 6.1 per cent. In Perth inflation was 7.4 per cent and Brisbane 7.3 per cent.Sydney’s biggest price increases in the year to June were for automotive fuel and the purchase of new dwellings, excluding land .
“While there is still a long way to go, we welcome the renewed focus of the federal and state governments – led by NSW and Victoria – on delivering more affordable childcare and early childhood education reform,” she said. “Better access to childcare helps ease cost of living pressures while increasing the productive capacity of the economy by getting more people into work – particularly women.”
Sydney rental prices fell 0.3 per cent over the year to June despite modest increases in the March and June quarters.
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