Consumer Price Index: Inflation Increased 0.2%
Following three consecutive months of decline, the level of inflation increased 0.2 percentage points from the 1.4 per cent measured in January 2015, according to the latest Consumer Price Index [CPI].
The CPI report from the Department of Statistics said, “Between January 2015 and February 2015, the average cost of goods and services in the Consumer Price Index rose 0.2 per cent. The all-items index climbed to 124.6 index points in February. This means that the basket of goods and services that cost $100.00 in April 2006 now cost $124.60.
“The Health & Personal Care sector was the largest contributor to the year-over-year increase in the consumer price index, increasing 7.3 per cent.
“Also heavily affecting the year-over-year increase to the consumer price index were the Food sector and Household Goods, Services & Communications sector. Price shifts in these two sectors were 3.6 per cent and 1.4 per cent, respectively.”
The full February 2015 Consumer Price Index is below [PDF here]:
What’s the increase from March 2013 to March 2015? This report seems to make it like the cost of living hasn’t increased, but it has.