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Consumer Prices in Australia

27 July 2015 by News Desk

shopingThe price of consumer goods in Australia has risen almost 1.5% in the first six months of 2015.

The Consumer Price Index rose 0.7% cent in the June quarter 2015, following a rise of 0.2% cent in the March quarter 2015, according to the Australian Bureau of Statistics.

The most significant price rises in the three months to July 2015 were in automotive fuel (+12.2%), medical and hospital services (+4.5%) and new dwelling purchase by owner–occupiers (+1.5%).

These rises were partially offset by falls in domestic holiday travel and accommodation (–5.4%) and pharmaceutical products (–1.8%). The increase in fuel is registered in four of the five fuel types with the quarterly rise the largest since December 1990.

The CPI rose 1.5% through the year to the June quarter 2015, following a rise of 1.3% through the year to the March quarter 2015.

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