CPI Increases 0.5% in September 2019 Quarter in Australia

  • Oct 30, 2019 AEDT
  • Team Kalkine

The Australian Bureau of Statistics (ABS) has recently released inflation figures for September 2019 quarter that showed an increase of 0.5% in headline CPI. Although the CPI data was in line with economists’ projections, it was lower than the rise of 0.6% observed in the prior quarter.

The data also highlighted the following:

  • The annual CPI inflation soared 1.7%.
  • The most significant price increase was in international holiday, travel and accommodation, wherein prices climbed 6.1%.
  • The most significant price decline was in automotive fuel, wherein prices fell by 2%.

 

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