International Edition


April 27, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Australian inflation increases on the heels of new tax on pollution

SYDNEY -- Australian inflation came in ahead of forecasts Wednesday, rising a seasonally adjusted 1.2 percent in the September quarter as electricity prices jumped following the introduction of a pollution tax.

The Australian Bureau of Statistics said the consumer price index was 2 percent higher on-year as power prices rocketed 15.3 percent.

Analysts had expected quarter-on-quarter inflation of 1.1 percent, and 1.7 percent over the year.

The spike in electricity prices followed the introduction on July 1 of an AU$23 per metric ton (US$24) tax on pollution linked to climate change. Australia's coal-fired power stations are big emitters.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search