February saw no change in the yearly rate of inflation, which remained 3.4%.

The most recent data from the Australian Bureau of Statistics (ABS) shows that in the 12 months leading up to February 2024, the monthly Consumer Price Index (CPI) indicator increased by 3.4%.

Michelle Marquardt, ABS head of prices statistics, said: “Annual inflation was unchanged in February and has been 3.4 per cent for three consecutive months”. 

The m…