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6401.0 - Consumer Price Index, Australia, Mar 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 23/04/2014   
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MEDIA RELEASE
23 April 2014
Embargo: 11.30 am (Canberra time) Wednesday 23 April 2014
49/2014

ABS CPI March quarter 2014 rises 0.6%

The Consumer Price Index (CPI) rose 0.6% in the March quarter 2014, following a rise of 0.8% in the December quarter 2013.

The most significant price rises this quarter were for tobacco (+6.7%), automotive fuel (+4.1%), secondary education (+6.0%), tertiary education (+4.3%), medical and hospital services (+1.9%) and pharmaceutical products (+6.1%). These rises were partially offset by falls in furniture (-4.3%), maintenance and repair of motor vehicles (-3.3%), international holiday travel and accommodation (-2.4%) and domestic holiday travel and accommodation (-2.4%).

The tobacco price increase was caused by the federal excise tax rise from 1 December 2013 as well as the March 2014 biannual indexation based on the ABS' Average Weekly Ordinary Times Earnings (AWOTE) rate.

Education prices have risen with the commencement of the new school year.

Rises for medical and hospital services and pharmaceutical products were a result of the cyclical reduction in the proportion of patients who qualify for subsidies under the Medicare Benefits Scheme and Pharmaceutical Benefits Scheme at the start of each calendar year.

The CPI rose 2.9% through the year to the March quarter 2014, following a rise of 2.7% through the year to the December quarter 2013.

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

Media notes:

  • When reporting ABS data the Australian Bureau of Statistics (or ABS) must be attributed as the source.
  • Media requests and interviews - contact the ABS Communications Section on 1300 175 070.

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Commonwealth of Australia 2014

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