CPI Up 0.5 % September Quarter 2019

CPI Up 0.5 % September Quarter 2019

Australian Bureau Of Statistics

CPI Rose 0.5 % In The September 2019 Quarter

Victor P Taffa

Consumer Price Index (CPI) rose 0.5 % in the September 2019 quarter, according to the latest Australian Bureau of Statistics (ABS) figures.

This follows a rise of 0.6 % in the June 2019 quarter.

Most significant price rises were:

  • International holiday, travel and accommodation (+6.1 %),
  • Tobacco (+3.4 %),
  • Property rates and charges (+2.5 %),
  • Child care (+2.5 %).

Most significant price falls this quarter were:

  • Automotive fuel (-2.0 %),
  • Fruit (-3.1 %),
  • Vegetables (-2.5 %).

“Despite the price falls for fruit and vegetables this quarter, the drought is impacting on the prices for a range of food products.” ABS Chief Economist Bruce Hockman said.

Prices rose this quarter for:

  • Meat and seafood (+1.7 %),
  • Dairy and related products (+2.2 %),
  • Bread and cereal products (+1.3 %).

CPI rose 1.7 % through the year to the September 2019 quarter. This follows a through the year rise of 1.6 % to the June 2019 quarter.

“Annual inflation remains subdued partly due to price rises for housing related expenses remaining low, and in some cases falling in annual terms.” Mr. Hockman said.

Prices fell in:

  • Utilities (-0.3 %),
  • New dwelling purchase by owner-occupiers (-0.1 %).

Prices rose in:

  • Rents (0.4 %).