Consumer Price Index: Inflation Increased 0.1%

September 9, 2014

Consumers paid 1.9 per cent more in July 2014 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation increased 0.1 percentage points from the 1.8 per cent measured in June 2014.

Between June and July 2014, the average cost of goods and services in the Consumer Price Index was unchanged. The all-items index increased to 124.3 index points in July. This means that the basket of goods and services that cost $100.00 in April 2006 now cost $124.30.

The Health & Personal Care sector remained the largest contributor to the twelve-month rate of price increase. The annual increase in July 2014 measured 5.9 per cent.

The Food and Rent sectors also impacted strongly on the annual rate of inflation. Price shifts in these two sectors were 3.3 per cent and 0.9 per cent, respectively.

The full July 2014 Consumer Price Index follows below [PDF here]:

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  1. Grim Reaper says:

    So the cost of dying got a 3% increase from last year? Hey, Bulley-Graham, Augustus, & Amis? Has there been an increase in demand to explain the price increase?