Australia's CPI rises 2.3% YoY in November, garments rise 1.7% YoY

10 Jan '25

1 min read

Australia's CPI rises 2.3% YoY in November, garments rise 1.7% YoY

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Australia's monthly CPI rose by 2.3 per cent in the 12 months to November, up from 2.1 per cent in October, according to ABS.
Clothing and footwear prices increased by 2.0 per cent YoY in November, of which prices for garments rose by 1.7 per cent YoY.
The trimmed mean inflation, excluding volatile items, fell to 3.2 per cent in November, down from 3.5 per cent in October.

Australia’s monthly consumer price index (CPI) increased by 2.3 per cent in 12 months to November 2024, a 2.1 per cent rise from 12 months to October, according to the Australian Bureau of Statistics (ABS). Clothing and footwear prices increased by 2.0 per cent year-over-year (YoY) in November, of which the prices for garments alone increased by 1.7 per cent YoY.

Clothing and footwear prices increased 1.8 per cent YoY in September, and 0.6 per cent YoY in October. Meanwhile prices for garments went up by 2.7 per cent YoY in September and fell by 0.5 per cent YoY in October. The annual movement for the monthly CPI indicator excluding volatile items and holiday travel was 2.8 per cent in November following a 2.4 per cent rise in October, ABS said in a press release.

Annual trimmed mean inflation, which excluded both the significant annual falls in automotive fuel and electricity, alongside other large price rises and falls, was 3.2 per cent in November, down from 3.5 per cent in October.

Fibre2Fashion News Desk (SG)

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