CPI Down 0.2% March Quarter 2019

CPI Down 0.2% March Quarter 2019

Tasmania Treasurer Peter Gutwein

CPI Supports Government’s Wage Offer

Victor P Taffa

ABS today released its Consumer Price Index data for Hobart for the March 2019 quarter, which shows that the cost of living declined in the quarter (by 0.2 %), and grew just 2.1 % over the year to the March 2019 quarter.

These figures support the Government’s position with respect to a fair and affordable wage offer to public servants, Treasurer Peter Gutwein said.

“Our most recent offer of 7 % over 3 years exceeds the current rate of inflation by a considerable margin. Of course, we have also offered notable improvements in other important conditions.”

Tasmanian Government is committed to ensuring our State Service employees receive fair and reasonable pay increases and improvements to employment terms and conditions. It is our intention to continue to negotiate in good faith to achieve this outcome.

Abbreviations:

ABS                Australian Bureau of Statistics