Consumer Price Index: Inflation Increased 0.9%
Consumers paid 2.1 per cent more in June 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 0.9 percentage points from the 1.2 per cent measured in May 2015, according to the most recent Consumer Price Index.
The report said, “Between May 2015 and June 2015, the average cost of goods and services in the Consumer Price Index rose 0.8 per cent. The all-items index climbed to 100.7 index points in June. This means that the basket of goods and services that cost $100.00 in April 2015 now cost $100.70.
“The Health & Personal Care sector was the largest contributor to the year-over-year increase in the consumer price index, rising 8.5 per cent. The major drivers in this sector are the cost of health insurance, medical care and medicines.
“The Transport & Foreign Travel and the Food sectors also had a large impact in the year-over-year increase. Price shifts in these sectors were measured at 3.7 and 3.4 per cent, respectively.”
The full June 2015 Consumer Price Index follows below [PDF here]:
