Advertisement
As expected, Australia’s Consumer Price Index (CPI) slumped by 1.9% in the June quarter – the largest quarterly fall in the 72 year history of the CPI:
Over the year, CPI fell by 0.3%:
Looking at the major components, you can see that quarterly fall in CPI was broad-based, with the exception of food and alcohol and tobacco:
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.