Key statistics: The Consumer Price Index (CPI) rose 0.6% this quarter. Over the twelve months to the December 2023 quarter, the CPI rose 4.1%. The most significant price rises this quarter were Tobacco (+7.0%), New dwelling purchase by owner-occupiers (+1.5%), Domestic holiday travel and accommodation (+3.9%) and Medical and hospital services (+1.2%). {tables} Annual CPI inflation was 4.1 per cent in the December 2023 quarter, lower than the 5.4 per cent annual rise in the September 2023 quarter. This marks the fourth consecutive quarter of lower annual inflation and down from the peak of 7.8 per cent in the December ... (full story)