The latest data from the ABS reveals that The Consumer Price Index (CPI) rose 2.1 per cent in the March 2022 quarter and 5.1 per cent annually, according to the latest data from the Australian Bureau of Statistics (ABS).
More importantly, non discretionary costs were up 6.6% – things you have to buy. So this underscores the issues households are facing. Expect more pressures ahead, and upcoming RBA rate hikes.
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