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What is the Consumer Price Index?
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The rate of household inflation has picked up once again, with the latest Consumer Price Index (CPI) published by the Australian Bureau of Statistics (ABS) revealing that prices rose by 1% in the three months to the end of June.
That 1% increase in the June quarter is the same as it was in the March quarter, but as Michelle Marquardt, the ABS's head of prices statistics notes, the annual rate of inflation has risen slightly higher.
"The annual rise of 3.8% for the June quarter is up from 3.6% in the March quarter. This is the first increase in annual CPI inflation since the December 2022 quarter."
Read more: Annual inflation rises to 3.8%
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