Price reviews reflecting higher wholesale gas prices led to rises in gas and other household fuels, with rises seen across all capital cities. The annual rise in gas prices of 26.2 per cent is the largest on record, reflecting this quarter’s rise as well as price reviews in the September quarter 2022.
The annual rise in Electricity reflects price reviews in the September quarter 2022, which were driven by higher wholesale prices. However, price rises in the September quarter 2022 were partially offset by the introduction of electricity rebates in WA, QLD and the ACT. The unwinding of these rebates has seen the full effects of higher electricity prices reflected in the March quarter.
Source: abs.gov.au
