ACT inflation reaches 4.7% as Canberra businesses report weaker trade
The territory's annual inflation rate exceeded the national figure of 4.3%, while local businesses reported fewer customers and pressure from rising costs.
Annual inflation in the ACT rose to 4.7 per cent in September 2026, above Australia's 4.3 per cent rate, as Canberra business owners described customers cutting back on spending.
Australian Bureau of Statistics figures identified fuel, electricity, childcare, school fees, new housing builds and furniture as the territory's biggest inflation drivers. University of Canberra senior economics lecturer Dr John Hawkins said global oil prices were the main factor driving inflation higher.
Casey Johnston, who operates a Tuggeranong burrito business with her partner, said sales were well below previous years and fewer people were walking past looking for somewhere to eat. She said the business was absorbing higher product and rental costs rather than charging customers more.
Ms Johnston said wages were sometimes difficult to afford, with fewer customers also reducing the need for staff.
Hairdresser Elanor said she had stopped discretionary spending on coffees, restaurant meals and holidays. While her workplace had largely retained its clientele, she said customers were leaving longer gaps between appointments.
