Turf QLD Industry Alert |ABS Consumer Price Index, Australia, Sep 2017

ABS Consumer Price Index, Australia, Sep 2017 

SEPTEMBER 2017 KEY POINTS

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%).