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QTPA Member Alert | ABS Consumer Price Index, Australia, Sep 2012 (25/10/2012)

ABS Consumer Price Index, Australia, Sep 2012

As many tenders and current contracts rely on CPI for variations it is felt this is necessary information for you.

  • One of the significant price increases this quarter was electricity plus 15.3%.
  • The significant price reductions were automotive fuel at -3.9% and motor vehicles at minus 1.0%.

SEPTEMBER KEY FIGURES:

Jun Qtr 2012 to Sep Qtr 2012 Sep Qtr 2011 to Sep Qtr 2012

Weighted average of eight capital cities

% change% change

All groups CPI

1.4 2.0

SEPTEMBER KEY POINTS:

THE ALL GROUPS CPI

  • rose 1.4% in the September quarter 2012, compared with a rise of 0.5% in the June quarter 2012.
  • rose 2.0% through the year to the September quarter 2012, compared with a rise of 1.2% through the year to the June quarter 2012.

OVERVIEW OF CPI MOVEMENTS

  • The most significant price rises this quarter were for electricity (+15.3%), international holiday travel and accommodation (+6.6%) and medical and hospital services (+4.5%).
  • The most significant price falls this quarter were for automotive fuel (-3.9%) and motor vehicles (-1.0%).

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