Cost growth is slowing, but the annual rate of change remains almost three times higher than its pre-COVID average.
has slowed to a two-year low, with new figures showing the weaker demand – due in part to project cancellations or delays – cutting inflation in a sector where it has been running rampant.
The quarterly figures show a slowing, but do not mean higher interest rates and weaker consumer confidence have ended the price rises. The annual rate of change remains almost three times higher than its pre-COVID five-year average of 3.6 per cent.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In a liberal US state, my life-saving abortion cost $55,000I was flabbergasted by the cost of medical care I could have died without – but surprise fees are standard in a system motivated first and foremost by profit
Read more »
Renewable energy projects to replace Liddell closure going to cost 40 per cent moreThe Australian’s Environmental editor Graham Lloyd says the costs to replace the closure of Liddell power station are going to be up to 40 per cent more than what was promised. “Everything that was promised to replace it hasn’t eventuated,” Mr Lloyd told Sky News host Peta Credlin. “There’s other reports out today saying the cost of building replacements and including the big renewable energy projects is going to be up to 40 per cent more than was promised.”
Read more »
‘Very hard’ for Labor to ‘help people with cost of living’ pressuresMelbourne Deputy Lord Mayor Nicholas Reece says Labor fell into the trap of claiming they’re going to do something big to help with the cost of living pressures. “It’s much easier to say you’re going to do something about cost of living when you’re in opposition compared to government,” Mr Reece told Sky News host Paul Murray. “Governments often get into the trap of claiming they’re going to do something big to help people with cost of living. “But it is very, very hard to do.”
Read more »
Saints forward faces lengthy ban as Cats count cost of victory over EaglesThe AFL will push for at least a four-week ban for Saints forward Anthony Caminiti at the tribunal, as injuries start to mount for Geelong and West Coast. Get all the latest injury and tribunal news.
Read more »
Jailed in Russia, this journalist's humorous letter home shows 'his spirit is shining'The 31-year-old light-heartedly poked fun at his mother's cooking, saying it had prepared him for what he was being served while behind bars.
Read more »
Minns halts inquiry after ICAC raids home of Perrottet’s brotherThe state’s corruption watchdog has launched a major investigation into Liberal Party operatives and alleged impropriety at Hills Shire Council, triggering a raid on the home of former premier Dominic Perrottet’s brother
Read more »