• Australian CPI rose less than expected in Q2

Market news

26 July 2017

Australian CPI rose less than expected in Q2

The all groups CPI:

Rose 0.2% this quarter, compared with a rise of 0.5% in the march quarter 2017.

Rose 1.9% over the twelve months to the june quarter 2017, compared with a rise of 2.1% over the twelve months to the march quarter 2017.

Overview of CPI movements:

The most significant price rises this quarter are medical and hospital services (+4.1%), new dwelling purchase by owner-occupiers (+0.9%), tobacco (+1.0%) and beer (+1.0%).

The most significant offsetting price falls this quarter are domestic holiday travel and accommodation (-3.2%), automotive fuel (-2.5%) and fruit (-4.4%).

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