Australia's inflation rate is rising at a level not seen since the early 2000s, recording the second highest quarterly increase since the introduction of the GST. READ MORE: 9News
in Australia has reached a level not seen in decades, recording the second highest quarterly increase since the introduction of the Goods and Services Tax .
On a quarterly basis, the CPI rose 1.8 per cent, the second highest three-month jump since the introduction of the GST.The last time annual inflation was at 6.1 per cent was in September 2000. Before that, the previous high was 6.9 per cent in December 1990. Head of Prices Statistics at the ABS Michelle Marquardt said the annual growth in the price of new properties was the highest seen in more than two decades.
"Annual price inflation for new dwellings was the strongest recorded since the series commenced in 1999."Today's 6.1 per cent annual rise was slightly below market expectations, which was factoring in a figure of up to 6.3 per cent.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia records fastest rise in inflation since the introduction of the GSTInflation in Australia has reached a level not seen in three decades, recording the second highest quarterly increase since the introduction of the Goods and Services Tax (GST).
Read more »
Australia records fastest rise in inflation since introduction of GSTInflation in Australia has reached a level not seen in decades, recording the second highest quarterly increase since the introduction of the Goods and Services Tax (GST).
Read more »
Australia records fastest rise in inflation since introduction of GSTAustralia's inflation rate is rising at a level not seen since the early 2000s, recording the second highest quarterly increase since the introduction of the GST. 9News READ MORE:
Read more »
Inflation equals post-GST high with prices rising 6.1 per centInflation equals the level seen after the introduction of the goods and services tax, with prices jumping more than 6 per cent over the past year.
Read more »
Australia records fastest rise in inflation since the introduction of the GSTInflation in Australia has reached a level not seen in three decades, recording the second highest quarterly increase since the introduction of the Goods and Services Tax (GST).
Read more »
Australia records fastest rise in inflation since introduction of GSTInflation in Australia has reached a level not seen in decades, recording the second highest quarterly increase since the introduction of the Goods and Services Tax (GST).
Read more »