6401.0 - Consumer Price Index, Australia, Dec 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 22/01/2014   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product
22 January 2014
Embargo: 11.30 am (Canberra time) Wednesday 22 January 2014

ABS CPI December quarter 2013 rises 0.8%

The Consumer Price Index (CPI) rose 0.8% in the December quarter 2013, following a rise of 1.2% in the September quarter 2013.

The most significant price rises this quarter were for domestic holiday travel and accommodation (+6.9%), fruit (+8.1%), vegetables (+7.1%), new dwelling purchase by owner-occupiers (+1.0%), international holiday travel and accommodation (+2.6%) and tobacco (+2.2%). The most significant offsetting price fall this quarter was for automotive fuel (-1.1%).

Domestic holiday travel and accommodation rose primarily due to peak season price rises for both airfares and accommodation.

International holiday travel and accommodation prices rose primarily due to peak season price rises for airfares.

Fruit and vegetable prices rose mainly due to a number of adverse weather events and deteriorating growing conditions in some areas.

Tobacco prices rose primarily due to the effects of the federal excise tax increase from 1 December 2013 and a flow on effect from the indexed rise in the excise in August.

Prices for new dwelling purchase by owner–occupiers rose mainly due to rising building materials and labour costs.

The CPI rose 2.7% through the year to the December quarter 2013, following a rise of 2.2% through the year to the September quarter 2013.

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.