Consumer Price Index: Inflation Increased 0.6%
Consumers paid 1.8 per cent more in April 2015 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI], and the level of inflation increased 0.6 percentage points from the 1.2 per cent measured in March 2015, according to the most recent Consumer Price Index.
The report said, “Between March 2015 and April 2015, the average cost of goods and services in the Consumer Price Index rose 1.0 per cent. The all-items index climbed to 126.0 index points in March. This means that the basket of goods and services that cost $100.00 in April 2006 now cost $126.00.
“The Health & Personal Care sector was the largest contributor to the year-over-year increase in the consumer price index, increasing 8.5 per cent.”
The full April 2015 Consumer Price Index is below [PDF here]:
If you use a small basket you do not get a proper assessment.