Australian Inflation Rate Up to 2 Percent in Q3


Australian inflation rose 2.0 percent through the year to the September quarter 2012, compared with a rise of 1.2 percent through the year to the June quarter 2012.

The Consumer Price Index (CPI) rose 1.4 percent in the September quarter 2012, compared with a rise of 0.5 percent in the June quarter 2012.

The most significant price rises in the September quarter 2012 were for electricity (+15.3 percent), international holiday travel and accommodation (+6.6 percent), medical and hospital services (+4.5 percent), vegetables (+10.5 percent) and gas and other household fuels (+14.2 percent). The most significant offsetting price falls were for automotive fuel (–3.9 percent), motor vehicles (–1.0 percent), pharmaceutical products (–2.6 percent), domestic holiday travel and accommodation (–1.3 percent) and other financial services (–0.9 percent).


TradingEconomics.com, ABS
10/24/2012 9:41:40 AM