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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