CPI Up 0.7% September Quarter 2010

CPI Up 0.7% September Quarter 2010

Australian Bureau Of Statistics

ABS CPI September Quarter 2010 Up 0.7%

Victor P Taffa

The ABS Consumer Price Index rose 0.7% in the September quarter 2010, compared with a rise of 0.6% in the June quarter 2010.

The most significant price rises this quarter were for tobacco (+7.0%), water and sewerage (+12.8%), electricity (+6.0%), property rates and charges (+6.2%) and rents (+1.1%). The most significant offsetting price falls were in automotive fuel (–3.7%), vegetables (–5.4%), pharmaceuticals (–3.9%), audio, visual and computing equipment (–2.7%) and soft drinks, waters and juices (–1.8%).

The ABS Consumer Price Index rose 2.8% through the year to September quarter 2010, compared with a rise of 3.1% through the year to June quarter 2010.

 SEPTEMBER KEY FIGURES

Jun Qtr 2010 to Sep Qtr 2010

Sep Qtr 2009 to Sep Qtr 2010

Weighted average of eight capital cities

% change

% change


Food

-0.5

1.7

Alcohol and tobacco

3.1

11.2

Clothing and footwear

1.4

-2.8

Housing

2.3

5.2

Household contents and services

0.8

0.4

Health

-0.7

5.2

Transportation

-0.6

0.6

Communication

-0.3

-0.4

Recreation

0.7

-0.7

Education

0.1

5.8

Financial and insurance services

0.5

3.4

All groups

0.7

2.8

All groups excluding Housing and Financial and insurance services

0.3

2.0


SEPTEMBER KEY POINTS

THE ALL GROUPS CPI

  • rose 0.7% in the September quarter 2010, compared with a rise of 0.6% in the June quarter 2010.
  • rose 2.8% through the year to September quarter 2010, compared with a rise of 3.1% through the year to June quarter 2010.

OVERVIEW OF CPI MOVEMENTS

  • The most significant price rises this quarter were for tobacco (+7.0%), water and sewerage (+12.8%), electricity (+6.0%), property rates and charges (+6.2%) and rents (+1.1%).
  • The most significant offsetting price falls were for automotive fuel (-3.7%), vegetables (-5.4%), pharmaceuticals (-3.9%), audio, visual and computing equipment (-2.7%) and soft drinks, waters and juices (-1.8%).