CPI Up 0.5 % March Quarter 2017

CPI Up 0.5 % March Quarter 2017

Australian Bureau Of Statistics

Inflation Rises 0.5 % In The March Quarter 2017

Victor P Taffa

Consumer Price Index (CPI) rose 0.5 % in the March quarter 2017, according to the latest Australian Bureau of Statistics (ABS) figures.

This follows a rise of 0.5 % in the December quarter 2016.

Most significant price rises this quarter is

  • Automotive fuel (+5.7 %),
  • Medical and hospital services (+1.6 %),
  • New dwelling purchase by owner-occupiers (+1.0 %).

These rises are partially offset by falls in

  • Furnishings, household equipment and services (-1.0 %),
  • Recreation and culture (-0.7 %).

CPI rose 2.1 % through the year to March quarter 2017.

Vegetable prices have risen 13.1 % through the year to March quarter 2017. Adverse weather conditions in major growing areas over previous periods continue to impact supply for particular vegetables (potatoes, salad vegetables, cabbages and cauliflower).

Offsetting these rises are price falls for capsicums and broccoli.