Consumer Price Index: Inflation Decreased 0.3%

The rate of inflation decreased 0.3 percentage points from the 1.6 per cent recorded in October 2013, according to the most recent Consumer Price Index which was released on Friday [Dec 20] by the Department of Statistics.

Consumers paid 1.3 per cent more in November 2013 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI].

Between October and November 2013, the average cost of goods and services in the Consumer Price Index decreased 0.6 percent.

The Health & Personal Care sector continued to have the strongest impact on the twelve-month increase in the Consumer Price Index.

The Food and Education, Recreation & Reading sectors also had a significant impact on the annual rate of inflation, as price shifts in these sectors were 2.5 per cent and 1.5 per cent, respectively.

The full November 2013 Consumer Price Index is below [PDF here]

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Category: All, Business