Consumer Price Index: Inflation Decreased 0.1%
The rate of inflation decreased 0.1 percentage points from the 1.9 per cent measured in December 2013, according to the most recent Consumer Price Index which was released this week by the Department of Statistics.
Consumers paid 1.8 per cent more in January 2014 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI].
Between December 2013 and January 2014, the average cost of goods and services in the Consumer Price Index increased 0.1 per cent.
The Health & Personal Care sector remained the largest contributor to the twelve-month rate of price increase.
The Food and Transport & Vehicles sectors also impacted strongly on the annual rate of inflation. Price shifts in these two sectors were 2.0 per cent and 1.5 per cent, respectively.
The full January 2014 Consumer Price Index is below [PDF here]
WOW. AMAZING! WHEEEEE!