Australia's Consumer Price Index (CPI) rose by 2.1% year-on-year in September 2024, the lowest since July 2021, aligning with the central bank's target for the second month. This decline was influenced by the Energy Bill Relief Fund, with electricity prices dropping a record 24.1% (-17.9% in August) and fuel prices seeing their steepest fall since 2020 (-14.0%). Excluding volatile items, CPI increased by 2.7%, the lowest since November 2021.

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