Consumer Price Index up 0.4pc


Hefty price tags for fruit and vegetables have driven the ABS CPI up 0.4 percent in the December quarter

Consumer Price Index up 0.4pc
Consumer Price Index up 0.4pc

January 25, 2011

Hefty price tags for fruit and vegetables have driven the ABS Consumer Price Index (CPI) up 0.4 percent in the December quarter.

This follows an increase of 0.7 percent in the September quarter.

As reported by the ABS today, the most significant price rises were for fruit (15.5 percent), vegetables (11.4 percent), domestic holiday travel and accommodation (3.8 percent) and automotive fuel (2.1 percent).

The most significant offsetting price falls were in pharmaceuticals (-6.2 percent), deposit and loan facilities (-1.3 percent), motor vehicles (-1 percent), audio, visual and computing equipment (-4.8 percent) and motor vehicle repair (-1.9 percent).

The ABS CPI rose 2.7 percent through the year to December quarter 2010, compared with a rise of 2.8 percent through the year to September quarter 2010.

CAPITAL CITIES
Melbourne showed the highest movement in CPI over the December quarter (0.6 percent), followed by Brisbane (0.5 percent) and Canberra (0.5 percent).

Darwin was the only capital city to see a drop compared to the previous quarter, down 0.1 percent.

All other cities increased between 0.1 percent and 0.3 percent.

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