Inflation in Australia rose to 4 percent in the year to August, up from 3.5 percent previously, the Australian Bureau of Statistics reported. Core inflation, which excludes the most volatile categories, remained unchanged at 3.6 percent. Both measures remain well above the central bank's (RBA) 2.5 percent target.
Treasurer Jim Chalmers said Australia was not immune to the Middle East oil crisis, and that the conflict was 'primarily' the reason for the figures. According to him, the overall increase in annual inflation was due to a combination of higher fuel costs and the removal of last year's energy subsidies. Chalmers added that inflation in the economy was still too high.
An unexpected leadership change occurred within the Greens. David Shoebridge was elected as the new leader of the party, thanking the party for its support after the sudden change. He stated that the party was firmly united behind Larissa, and paid tribute to the outgoing leader, Larissa Waters. He also announced that he would work with his colleague, Steph.
Mehreen Farquhar, the former deputy leader, expressed disappointment that the party board did not elect her as leader. She stated that she had not re-nominated for the position of deputy leader, and called on the new leadership to set a deadline for the introduction of the 'one member, one vote' principle. Steph Hodgins-Ma, a senator in her first term, is expected to announce a joint candidacy with David Shoebridge.
In addition to political and economic news, several other stories were reported. Oakes, a two-year-old female, has the task of finding koalas by scent, often several meters above the ground, according to the words of Josey Sharrad, the head of the program at the International Animal Welfare Fund. Alan Kohler announced his retirement from ABC after 31 years, and six Australian universities were among the top 100 in the world rankings.
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