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AAP
AAP
Poppy Johnston

Prices ease but insurance and housing are still biting

Justin Lewis lost all his belongings when floods damaged his Brisbane property this week. (Darren England/AAP PHOTOS)

The rate of inflation may be slowing but price increases across hard-to-avoid expenses, such as insurance and housing, are keeping pressure on hip pockets.

Insurance prices as measured in the December quarter consumer price index rose 3.8 per cent over the quarter to be 16.2 per cent higher annually, which the Australian Bureau of Statistics said was the largest annual increase in 23 years.

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