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- Australian CPI rose 0.4 per cent in the September quarter, vs +0.5% expected
Australian CPI rose 0.4 per cent in the September quarter, vs +0.5% expected
The Consumer Price Index (CPI) rose 0.4 per cent in the September quarter 2018, according to the latest Australian Bureau of Statistics (ABS) figures. This follows a rise of 0.4 per cent in the June quarter 2018.
The most significant rises this quarter are international holiday travel and accommodation (+4.3 per cent), tobacco (+1.8 per cent), property rates and charges (+2.3 per cent), automotive fuel (+1.4 per cent) and fruit (+2.4 per cent). The rise is partially offset by falls in child care (-11.8 per cent) and telecommunications equipment and services (-1.5 per cent).
Child care (-11.8 per cent) saw the largest fall this quarter following the introduction of the Child Care Subsidy on 2 July, which replaced the Child Care Rebate and Child Care Benefit.
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