The most significant price rises this quarter were for fruit (+26.9%), automotive fuel (+4.0%), hospital and medical services (+3.4%), furniture (+6.0%) and deposit and loan facilities (+2.1%). The most significant offsetting price falls were for vegetables (–10.3%), audio, visual and computing equipment (–6.3%), electricity (–1.5%), domestic holiday travel and accommodation (–1.5%) and milk (–4.6%).
Fruit prices increased by 26.9% in the June quarter 2011 mainly due to an increase of approximately 138% in the price of bananas due to shortages created by Cyclone Yasi. Banana prices increased 470% over the six months to the June quarter 2011.
The ABS Consumer Price Index rose 3.6% through the year to the June quarter 2011, compared with a rise of 3.3% through the year to March quarter 2011.
Further information is available in Consumer Price Index, Australia (cat. no. 6401.0) or visit www.abs.gov.au...
The 16th series CPI will be introduced from the September quarter 2011. This will include a new commodity classification and expenditure weights from the 2009–10 Household Expenditure survey. For more details about the upcoming changes to the CPI, please refer to Changes to the CPI from September Quarter 2011.
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