6401.0 - Consumer Price Index, Australia, Dec 2014 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 28/01/2015   
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28 January 2015
Embargo: 11.30 am (Canberra time) Wednesday 28 January 2015

ABS CPI December quarter 2014 rises 0.2%

The Consumer Price Index (CPI) rose 0.2% in the December quarter 2014, following a rise of 0.5% in the September quarter 2014.

The most significant price rises this quarter were for domestic holiday travel and accommodation (+5.8%), tobacco (+4.8%) and new dwelling purchase by owner-occupiers (+1.1%), These rises were partially offset by a fall in automotive fuel (–6.8%). Global oil markets continue to experience oversupply, which resulted in continued falls in oil prices. In Australia, average unleaded petrol prices reached a low of $1.17 per litre in December 2014, the lowest recorded average daily price since February 2009.

The CPI rose 1.7% through the year to the December quarter 2014, following a rise of 2.3% through the year to the September quarter 2014.

Further information is available in Consumer Price Index, Australia (cat. no. 6401.0).

Media Note:

Please ensure when reporting on ABS data that you attribute the Australian Bureau of Statistics (or the ABS) as the source.
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