Australian Inflation Rate Down to 1.2 in Q2


Australian Inflation rose 1.2% through the year to the June quarter 2012, compared with a rise of 1.6% through the year to the March quarter 2012.

The Consumer Price Index (CPI) rose 0.5% in the June quarter 2012, compared with a rise of 0.1% in the March quarter 2012.

The most significant price rises in the June quarter 2012 were for medical and hospital services (+2.8%), rents (+1.1%), vegetables (+5.2%) and furniture (+4.5%). The most significant offsetting price falls were for domestic holiday travel and accommodation (–4.0%), audio, visual and computing equipment (–3.8%) and cakes and biscuits (–2.8%).


TradingEconomics.com, ABS
7/25/2012 1:40:06 PM