Date Time
CPI rose 0.8% in June 2021 quarter: Australia
The Consumer Price Index (CPI) rose 0.8 per cent in the June 2021 quarter, according to the latest data from the Australian Bureau of Statistics (ABS).
Head of Prices Statistics at the ABS, Michelle Marquardt said: “Rising fuel prices accounted for much of the increase in the June quarter CPI, with prices surpassing pre-pandemic levels”.
The most significant price rises in the June quarter were automotive fuel (+6.5 per cent) and medical and hospital services (+2.4 per cent) due to the annual increase in private health insurance premiums. Electricity prices (+3. 3 per cent) also rose due to the continued unwinding of the Western Australian Government’s $600 electricity credit.
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Jul 28, 2021 4:19 AM UTC New orders for products meant to last at least three years increased 0.8% to a seasonally adjusted $257.6 billion in June as compared with May, the Commerce Department said Tuesday. Economists surveyed by The Wall Street Journal had estimated a 2% gain. Is Tesla the Meme Stock of Yesteryear? For years, Tesla stock charged ever higher despite weak operating results. So far in 2021, that pattern has reversed itself. Australian Inflation Spiked in 2Q, But Jump Is Likely to Be Temporary SYDNEY-Australian consumer prices rose 0.8% in the second quarter, fanned by rising fuel costs, the Australian Bureau of Statistics said Wednesday.