6401.0 - Consumer Price Index, Australia, Sep 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 31/10/2018   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product
MEDIA RELEASE
31 October 2018
Embargoed: 11.30 am (Canberra time)

CPI rose 0.4 per cent in the September quarter 2018


The Consumer Price Index (CPI) rose 0.4 per cent in the September quarter 2018, according to the latest Australian Bureau of Statistics (ABS) figures. This follows a rise of 0.4 per cent in the June quarter 2018.

The most significant rises this quarter are international holiday travel and accommodation (+4.3 per cent), tobacco (+1.8 per cent), property rates and charges (+2.3 per cent), automotive fuel (+1.4 per cent) and fruit (+2.4 per cent). The rise is partially offset by falls in child care (-11.8 per cent) and telecommunications equipment and services (-1.5 per cent).

Child care (-11.8 per cent) saw the largest fall this quarter following the introduction of the Child Care Subsidy on 2 July, which replaced the Child Care Rebate and Child Care Benefit.

Alternate text: The CPI All Groups rose 0.4 per cent in the September quarter 2018. The most significant positive contributors are Recreation and culture +1.6 per cent; Alcohol and tobacco group +1.3 per cent; Housing group +0.4 per cent; and Transport gr

Image 1: The most significant positive contributors to the CPI in the September quarter 2018 are Recreation and culture, due to international holiday travel and accommodation (+4.3 per cent); Alcohol and tobacco, due to tobacco (+1.8 per cent); Housing, due to property rates and charges (+2.3 per cent); and Transport, due to automotive fuel (+1.4 per cent). The most significant negative contributor is Furnishings, household equipment and services (-1.2%), due to child care (- 11.8%).


The CPI rose 1.9 per cent through the year to September quarter 2018, having increased 2.1 per cent through the year to the June quarter 2018.

Chief Economist for the ABS, Bruce Hockman said: “Annual growth in the CPI fell back below 2 per cent in the September quarter 2018. Modest rises in housing costs, including rents, utilities and property rates, and a fall in child care out-of-pocket expenses, saw a subdued rise in the CPI this quarter.”

In addition, this quarter marks 70 years since the beginning of the CPI series in the September quarter 1948. Two articles look back over the past 70 years of the CPI: ‘70 years of the Australian Consumer Price Index’ and ‘70 Years of Inflation in Australia’. Mr Hockman added: "The CPI is an important macro-economic indicator that impacts the lives of all Australians. These two articles provide a history of the ABS's measurement of the CPI and how inflation has evolved in Australia over the past 70 years".


Media note:
  • When reporting ABS data you must attribute the Australian Bureau of Statistics (or the ABS) as the source.
  • For media requests and interviews, contact the ABS Media Team on 1300 175 070 (8.30am-5pm Mon-Fri).
  • Subscribe to our media release notification service to notify you of ABS media releases or publications upon their release.