Recession Australia
Consumer Price Index, Australia, Sep 2017
The Consumer Price Index (CPI) rose 0.6 per cent in
the September quarter 2017, the latest Australian Bureau of Statistics (ABS)
figures reveal. This follows a rise of 0.2 per cent in the June quarter 2017.
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%).
These rises are partially offset by falls in vegetables (-10.9%), automotive
fuel (-2.3%) and telecommunication equipment and services (-1.5%).
The CPI rose 1.8 per cent through the year to
September quarter 2017 having increased to 1.9 per cent in the June quarter
2017.
Chief Economist for the ABS, Bruce Hockman, said
"Utilities prices rose strongly in the September quarter 2017. The most
significant rises relate to electricity and gas prices, with increases in
wholesale prices being passed on to consumers. Increases in wholesale prices
have been observed across the National Electricity Market (NEM), with the most
significant rises this quarter in electricity being observed in Adelaide;
Sydney; Canberra and Perth."
(Source: Australian Bureau of Statistics )
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