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CPI rose 0 8% in June 2021 quarter: Australia

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.

Aussie wages lift just 1 5 per cent in 12 months

Aussie wages lift just 1.5 per cent in 12 months Australian wages have lifted just 0.6 per cent over the past quarter and 1.5 per cent over the past 12 months, new data from the Wage Price Index (WPI) has revealed. Those in the private sector received slightly more (0.6 per cent) in their paypacket than those in the public sector, which lifted just 0.4 per cent. Electricity, gas, water and waste services, rental, hiring and real estate services and Arts and recreation services each recorded the lowest quarterly rise of 0.1 per cent. READ MORE: Aussie wages rose by a marginal 0.6 per cent over the past three months.(AAP)

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