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Consumer Price Index, Australia, Jun 2017
JUNE KEY POINTS THE ALL GROUPS CPI • rose 0.2% this quarter, compared with a rise of 0.5% in the March quarter 2017. • rose 1.9% over the twelve months to the June quarter 2017, compared with a rise of 2.1% over the twelve months to the March quarter 2017. OVERVIEW OF CPI MOVEMENTS • The most significant price rises this quarter are medical and hospital services (+4.1%), new dwelling purchase by owner-occupiers (+0.9%), tobacco (+1.0%) and beer (+1.0%). • The most significant offsetting price falls this quarter are domestic holiday travel and accommodation (-3.2%), automotive fuel (-2.5%) and fruit (-4.4%).
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Australia Q2 CPI Weakens to 1.9% YOY vs. 2.2% Expected
Australia’s annual inflation rate slowed unexpectedly in the second quarter, a sign that cost pressures were ebbing after a sharp pickup at the start of the year. The consumer price index (CPI) advanced at an annualized 1.9% in the second quarter, following a 2.1% uptick the previous quarter, the Australian Bureau of Statistics said in its quarterly inflation report on Wednesday. Compared to the first quarter, the CPI rate accelerated 0.2%. That followed a 0.5% increase in the first quarter. Analysts in a median estimate called for annual inflation to reach 2.2% and for the monthly rate to rise 0.4%. The Reserve ... (full story)
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