7NEWS Australia published this video item, entitled “Inflation fell slightly for the month of January, but it’s still high | 7NEWS” – below is their description.
It’s been revealed inflation fell slightly for the month of January. The official figure now sits at 7.4 per cent following a record run of consecutive interest rate hikes. The new rate is lower than the expected figure offering new hope that the worst of recent price pain may be over. Australia’s economy also grew half a per cent over the December quarter.
But the cost of many household essentials remains high and some Australians are being forced to pull from their savings.
7NEWS Australia YouTube Channel
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