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- Australian CPI rose less than expected in Q1
Australian CPI rose less than expected in Q1
The all groups CPI:
Rose 0.5% this quarter, compared with a rise of 0.5% in the december quarter 2016.
Rose 2.1% over the twelve months to the march quarter 2017, compared with a rise of 1.5% over the twelve months to the december quarter 2016.
Overview of CPI movements:
The most significant price rises this quarter are automotive fuel (+5.7%), new dwelling purchase by owner-occupiers (+1.0%), medical and hospital services (+1.6%) and electricity (+2.5%).
The most significant offsetting price falls this quarter are international holiday travel and accommodation (-3.8%), fruit (-6.7%) and furniture (-3.5%).
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