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.


Different community fundraiser

Different community fundraiser

Boosting creative jobs for young people.

Your chance to win Simple Pleasures photo competition

Your chance to win Simple Pleasures photo competition

Love is all you need for Bruns photo comp

Local Partners