Weighted average of eight capital cities, annual movement
Nov 22 to Nov 23 % change
Dec 22 to Dec 23 % change
Jan 23 to Jan 24 % change
All groups monthly CPI
4.3
3.4
3.4
Food and non-alcoholic beverages
4.6
4.0
4.4
Bread and cereal products
8.3
7.7
7.4
Meat and seafood
0.2
-1.9
-2.0
Dairy and related products
6.1
5.2
5.0
Fruit and vegetables
0.7
-2.2
1.6
Food products n.e.c.
6.6
6.8
6.9
Non-alcoholic beverages
5.4
7.1
5.7
Alcohol and tobacco
6.4
6.8
6.7
Alcohol
4.2
4.6
4.5
Tobacco
10.5
10.8
10.7
Clothing and footwear
-0.9
-0.8
0.4
Garments
-0.4
-0.4
1.9
Housing
6.6
5.2
4.6
Rents
7.1
7.4
7.4
New dwelling purchases by owner-occupiers
5.5
5.1
4.8
Electricity
10.7
0.4
0.8
Gas and other household fuels
12.9
8.5
-1.4
Furnishings, household equipment and services
-0.3
-0.3
0.3
Health
5.2
4.7
3.9
Transport
3.6
3.6
3.0
Automotive fuel
2.3
5.3
3.1
Communications
2.4
2.0
2.0
Recreation and culture
1.2
-2.4
-1.7
Holiday travel and accommodation
-0.3
-9.1
-7.1
Education
4.8
4.7
4.7
Insurance and financial services
8.8
8.2
8.2
CPI analytical series
Seasonally adjusted
4.5
3.4
3.6
CPI excluding volatile items** and holiday travel
4.8
4.2
4.1
Annual Trimmed mean
4.6
4.0
3.8
inflation data released today shows where we are being hit with rising costs.
groceries and rent and insurance remain the primary causes of inflation.
insurances because the costs of extreme weather events is hitting the Insurance companies' bottom line and in order to provide some degree of security the companies need to remain profitable. groceries? well this has been the subject so ardently discussed that its become quite confused. and rents, because interest rates and insurances have hit landlords hard.
is any of this able to be reduced by Govt? what would Dutton do about rents, insurance or groceries? would the Libs put up wages or reduce taxation to the lowest paid (again) to address cost of living?
