The Australian Bureau of Statistics has released the September quarter CPI and inflation is easing at 0.5% (0.4 expected) for the quarter and a tame 2.2% for the year. The analytical series are now easing as well with the trimmed mean at 0.4% and 2.5% and weighted median 0.6% and 2.6%. All figures are down sharply from June QTR growth rates:
SEPTEMBER KEY FIGURES
 | |
Jun Qtr 2014 to Sep Qtr 2014 |
Sep Qtr 2013 to Sep Qtr 2014 |
| Weighted average of eight capital cities |
% change |
% change | |
|
| |||
| All groups CPI |
0.5 |
2.3 | |
| Food and non-alcoholic beverages |
1.2 |
3.5 | |
| Alcohol and tobacco |
1.1 |
7.3 | |
| Clothing and footwear |
-1.0 |
-2.7 | |
| Housing |
0.5 |
2.3 | |
| Furnishings, household equipment and services |
0.4 |
0.4 | |
| Health |
-0.2 |
4.7 | |
| Transport |
-0.1 |
0.2 | |
| Communication |
-1.4 |
-1.8 | |
| Recreation and culture |
0.6 |
1.9 | |
| Education |
0.1 |
5.2 | |
| Insurance and financial services |
0.6 |
1.2 | |
| CPI analytical series | | | |
| All groups CPI, seasonally adjusted |
0.1 |
2.2 |
| Trimmed mean |
0.4 |
2.5 |
| Weighted median |
0.6 |
2.6 |
Not much to concern the RBA here…
Detailed post to come for members.
