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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.
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