Latest CPI Figures Released
The Australian Bureau of Statistics (ABS) has released the latest Consumer Price Index (CPI) figures for the December quarter 2017.
December Quarter 2017 Key Points:
The All Groups CPI:
- rose 0.6% this quarter, compared with a rise of 0.6% in the September quarter 2017.
- rose 1.9% over the twelve months to the December quarter 2017, compared with a rise of 1.8% over the twelve months to the September quarter 2017.
Overview of CPI Movements:
- The most significant price rises this quarter are automotive fuel (+10.4%), tobacco (+8.5%), domestic holiday travel and accommodation (+6.3%) and fruit (+9.3%).
- The most significant offsetting price falls this quarter are international holiday travel and accommodation (-1.7%), audio visual and computing equipment (-3.5%), and telecommunication equipment and services (-1.4%).
For further information and to read the release in full go to the ABS website