Consumer Price Index: Inflation Increased 0.3%
Consumers paid 2.4 per cent more in September 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 0.3 percentage points from the 2.1 per cent measured in August 2014.
Between August and September 2014, the average cost of goods and services in the Consumer Price Index increased 0.7 per cent. The all-items index increased to 125.6 index points in September. This means that the basket of goods and services that cost $100.00 in April 2006 now cost $125.60.
The Health & Personal Care sector remained the largest contributor to the twelve-month rate of price increase. The annual increase in September 2014 measured 5.9 per cent.
Other sectors that had a strong impact on the annual rate of inflation were the Transport & Vehicle and Food sectors. Price movements measured in these two sectors were 4.4 per cent and 3.3 per cent, respectively.
The full September 2014 Consumer Price Index is below [PDF here]:
