CPI Up 0.6 % For December Quarter 2017

CPI Up 0.6 % For December Quarter 2017

Australian Bureau Of Statistics

Prices Rose 0.6 % In The December Quarter 2017

Victor P Taffa

Consumer Price Index (CPI) rose 0.6 % in the December quarter 2017, the latest Australian Bureau of Statistics (ABS) figures reveal.

This follows a rise of 0.6 % in the September quarter 2017.

Most significant price rises this quarter is

  • Automotive fuel (+10.4%),
  • Tobacco (+8.5%),
  • Domestic holiday travel and accommodation (+6.3%),
  • Fruit (+9.3%).

These price rises were partially offset by falls in

  • International holiday travel and accommodation (-1.7%),
  • Audio visual and computing equipment (-3.5%),
  • Telecommunication equipment and services (-1.4%).

CPI rose 1.9 % through the year to December quarter 2017 having increased 1.8 % through the year to September quarter 2017.

“While the annual CPI rose 1.9 %, annual inflation in most East Coast cities rose above 2.0 %, due in part to the strength in prices related to Housing. Softer economic conditions in Darwin and Perth have resulted in annual inflation remaining subdued at 1.0 and 0.8 % respectively.” Chief Economist for the ABS, Bruce Hockman said.