CPI in Detail: lowflation

Wednesday 28 October 2020

As reported in brief earlier, Australia’s Consumer Price Index (CPI) came in at 1.6% in the September quarter – rebounding from the largest quarterly fall in the 72 year history of the CPI recorded in the June quarter:

Over the year, CPI rose by just 0.7%:

Looking at the major components, you can see that quarterly lift in CPI was driven by furnishings & household equipment, transport (petrol prices), education and alcohol & tobacco:

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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.