CANBERRA, ACT, Nov. 26 -- The Treasurer of Australia issued the following media release:
New figures from the Australian Bureau of Statistics showed prices were steady in October but ticked up in annual terms.
Today's annual result is higher than we would like but still much lower than what we inherited from our predecessors.
The flat monthly result in October was driven by falls in electricity and fuel prices, and a moderation in housing costs.
The tick up in annual terms in part reflects temporary factors such as the timing of state energy rebates and volatile items such as travel prices.
We know that households are still under pressure and that's why our responsible cost of living relief is so important.
Headline inflation was 0.0p...