ABS CPI September Quarter 2009 Up 1.0%

The Australian Bureau of Statistics yesterday reported that the ABS Consumer Price Index rose 1.0% in the September quarter 2009, compared with a rise of 0.5% in the June quarter 2009.

The most significant price rises this quarter were for electricity (+11.4%), automotive fuel (+4.0%), water and sewerage (+14.1%), deposit and loan facilities (+3.0%) and house purchase (+1.1%). The most significant offsetting price falls were for other financial services (–2.3%), vegetables (–5.6%), fruit (–5.4%), pharmaceuticals (–4.4%), and audio, visual and computing equipment (–2.2%).

The ABS Consumer Price Index rose 1.3% through the year to September quarter 2009, compared to an annual rise of 1.5% to June quarter 2009.

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