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JOSH FRYDENBERG PRESSER

Federal Treasurer Josh Frydenberg speaks on inflation figures at a Melbourne media conference. Source: AAP / JOEL CARRETT/AAPIMAGE

Australia's annual inflation rate climbed to its highest level in two decades, fuelled by rising petrol prices and housing costs. The latest Bureau of Statistics figures show the consumer price index for the March quarter surged 2.1 per cent - taking the annual rate to 5.1 per cent.

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By Gareth Boreham

Source: SBS News

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Australia's annual inflation rate climbed to its highest level in two decades, fuelled by rising petrol prices and housing costs. The latest Bureau of Statistics figures show the consumer price index for the March quarter surged 2.1 per cent - taking the annual rate to 5.1 per cent.

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