• Australian CPI rose less than expected in Q3

Market news

25 October 2017

Australian CPI rose less than expected in Q3

The all groups CPI:

  • Rose 0.6% this quarter, compared with a rise of 0.2% in the june quarter 2017.

  • Rose 1.8% over the twelve months to the september quarter 2017, compared with a rise of 1.9% over the twelve months to the june quarter 2017.

Overview of cpi movements:

  • The most significant price rises this quarter are electricity (+8.9%), tobacco (+4.1%), international holiday travel and accommodation (+4.1%) and new dwelling purchase by owner-occupiers (+0.8%).

  • The most significant offsetting price falls this quarter are vegetables (-10.9%), automotive fuel (-2.3%) and telecommunication equipment and services (-1.5%).

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