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May 18 2011

CPI – Consumer Price Index in Australia

CPI – Consumer Price Index

The ABS reports that CPI for the September Quarter 2009 rose by 1.0%

This compares to a rise for the previous quarter (June 2009) of 0.5% for 3 months.

This will almost guarantee another 0.25% rise in Interest rates in November, with maybe even a 0.5% rise.

The most significant price rises this quarter were for

  • + 14.1% Water and Sewerage
  • + 11.4% Electricity
  • + 4.0% Motor fuel
  • + 3.0% Deposit and loan facilities
  • + 1.1% House Purchase

The most significant reductions were for

  • – 5.6% Vegetables
  • – 5.4% Fruit
  • – 4.4% Pharmaceuticals
  • – 2.3% Other financial services
  • – 2.2% Audio, visual and computers
Australian Annual Inflation Rates
  • 2003 2.4 %
  • 2004 2.6 %
  • 2005 2.8 %
  • 2006 3.3 % as at Dec 2006
  • 2007 3.0 % as at Dec 2007
  • 2008 3.7 % as at Dec 2008
  • 2009 2.1 % as at Dec 2009

CPI

September 2009

The Consumer Price Index rose 1.3% through the year to September quarter 2009, compared to an annual rise of 1.5% to June quarter 2009.

June 2009

The CPI rose by 1.5% for the 12 months to the June quarter 2009, compared to the annual rise of 2.5% to March quarter 2009.

Source: www.abs.gov.au

Source: www.rba.gov.au

Quarterly CPI Index figures for Australia
Year/qtr Mar June Sept Dec
2000 125.2 126.2 130.9 131.3
2001 132.7 133.8 134.2 135.4
2002 136.6 137.6 138.5 139.5
2003 141.3 141.3 142.1 142.8
2004 144.1 144.8 145.4 146.5
2005 147.5 148.4 149.8 150.6
2006 151.9 154.3 155.7 155.5
2007 155.6 157.5 158.6 160.1
2008 162.2 164.6 166.5 166.0
2009 166.2 167.0 168.6 169.5
2010


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