Rising petrol prices driving persistent inflation: Australian Treasurer ...Middle East

CANBERRA: Australia’s Treasurer has warned of persistent inflation following a spike in petrol prices, reported Xinhua.According to estimates released by the Treasury on Monday, consumer price index (CPI) data for the third quarter of 2023 will show petrol prices in Australia rose by 7 per cent between the start of July and the end of September.The Australian Bureau of Statistics (ABS) will on Wednesday release CPI data measuring Australian inflation for the September quarter.Ahead of the release, the Treasury said it estimates that the spike in petrol prices will add a quarter of a percentage point to inflation.Treasurer Jim Chalmers said in a statement that inflation in Australia will like

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