LATEST COST OF LIVING FIGURES
The second month of slowing inflation progress suggests the price of residing disaster has handed its peak, taking strain off stretched households.
* Annual inflation progress eased to six.8 per cent over the 12 months to February, down from 7.4 per cent in January and eight.4 per cent in December.
* Housing made the most important contribution to the annual inflation studying, however at 9.9 per cent, annual progress was down from 10.4 per cent in January.
* New dwelling costs have been up by 13 per cent year-on-year due to excessive prices for employees and supplies, however costs have come off the July 2022 peak as rising rates of interest cools demand for brand spanking new housing.
* Rental costs stayed elevated at 4.8 per cent annual progress for the second month in a row as a result of low emptiness charges and aggressive rental situations.
* Food and non-alcoholic drinks value progress remained stubbornly robust at eight per cent, (down from 8.2 per cent in January).
* Recreation and tradition costs fell from 10.2 per cent progress within the 12 months to January to six.4 per cent, led by a slowdown in vacation and journey after the busy Christmas and vacation seasons.
* Automotive gas lifted 5.6 per cent yearly, however was down from 7.5 per cent in January.
* The price of electrical energy continued to climb, rising over 17 per cent within the 12 months to February (from 16.8 per cent in January).
Source: www.perthnow.com.au
