Home > Industry > Q4 CPI Up 0.5%, Oz Dollar Jumps

Q4 CPI Up 0.5%, Oz Dollar Jumps

Latest numbers from the Australian Bureau of Statistics (ABS) reveals inflationary pressures remained subdued in Q4Y18, with CPI jumping 0.5% versus 0.4% expected. The Australian dollar slightly spiked on the news – from 0.7154 US cents to 0.7180 US cents.

Increase on year earlier climbed 1.8%, also beating analysts forecasts for 1.7%.

It follows a rise of 0.4% in the September quarter.

For Q4, underlying interest spiked 0.4%, with the annual increase notching 1.77%.

The annual increase comes in line with former RBA and analyst expectations.

[ABS]

The ABS claims the most significant rises during the December quarter were tobacco (9.4%), fruit (5%), furniture (1.8%), plus domestic travel and accommodation (6.2%).

Increases were offset by a drop in car fuel (-2.5%), wine (-1.9%), telecommunications equipment and services (-1.5%), plus audio visual and computing products (-3.3%).

For the quarter, tradable prices slipped 0.3%, whilst non-tradeable prices jumped 0.9%.

Non-tradeable prices represent about 60% of the ABS’ CPI basket.

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