Cigarettes and health care help push CPI up

AUSSIES spending more on cigarettes, furniture and medical services helped the nation's inflation rate rise 0.4% in the June quarter.

The Australian Bureau of Statistics released the latest consumer price index data on Wednesday.

While many economists picked a likely 0.5% rise, they weren't far off with the 0.4% rise in the June quarter, which pushed the inflation rate to 2.4% to end of June.

The inflation rise was driven primarily by a 3.4% rise in spending on medical and hospital services, a 3% rise in tobacco spending and 4.8% rise in furniture purchases.

Other rises included a 0.9% rise in new homes bought by owner-occupiers and a 1.1% rise in rents across the nation.

Offsetting the inflation were significant drops in the cost of domestic holiday travel and accommodation, down 4%, and the cost of petrol and gas, down 3.1% in the June quarter.

Inflation rose 2.4% in the year to June, compared with a rise of 2.5% in the year to the March quarter.



Police appeal for help after Piggabeen telecoms theft

Police appeal for help after Piggabeen telecoms theft

Cross border investigation into telecomms tower robbery

Playing tricks on yourself to get healthy

Playing tricks on yourself to get healthy

Living Naturally with Olwen Anderson

Holidaying at Fingal in 1913

Holidaying at Fingal in 1913

Talking History: Early photographers who capture spirit of the Tweed

Local Partners