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According to the ABS, Australia’s Consumer Price Index (CPI) came in at 0.9% in the December quarter – further rebounding from the largest quarterly fall in the 72 year history of the CPI in the June quarter:
However, over the year, CPI rose by just 0.9%:
Looking at the major components, you can see that quarterly lift in CPI was driven by Alcohol & Tobacco and Furnishings & Household Equipment:
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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.