CANBERRA, July 30 (Xinhua) -- Australia's annual rate of inflation fell to its lowest level in more than four years in the 12 months to June, according to official quarterly figures released on Wednesday.
The Australian Bureau of Statistics (ABS) said that the consumer price index (CPI) rose by 2.1 percent in the year to the end of the second quarter of 2025, which spans from the start of April through the end of June.
It marks a fall from the 2.4 percent annual CPI growth recorded in the 12 months to the end of the preceding March quarter and the lowest rate of annual inflation in the 12 months to the end of any quarter since March 2021.
According to the ABS data, the CPI rose by 0.7 percent during the June quarter, down from 0.9 percent in the March quarter.
Annual trimmed mean inflation, the Reserve Bank of Australia's preferred measure of underlying inflation, was 2.7 percent in the period to the end of the June quarter, the ABS said, down from 2.9 percent to the March quarter and its lowest level in the 12 months to the end of any quarter since December 2021.
Responding to the data at a press conference in Canberra, Treasurer Jim Chalmers said the figures were "very welcome."
"These are very pleasing, very welcome, absolutely outstanding inflation numbers when you consider how far Australians have come together in this fight against inflation," he said.
The ABS said that rising housing, food and non-alcoholic beverages and health costs were the biggest drivers of CPI growth in the June quarter.
It said that electricity prices were 8.1 percent higher at the end of June than the end of March, following the expiry of government rebates in the states of Queensland and Western Australia. Enditem
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