The last time annual inflation was at 6.1 per cent was in September 2000. 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.The biggest contributors to the spike were the prices of new homes – which rose 5.6 per cent) – and petrol, which recorded a 4.2 per cent hike.
Annual inflation soared to 6.1 per cent, the highest rate since 2001, when prices spiked off the back of the introduction of the goods and services tax."There's people that can't afford to buy fresh fruit and veggies for their kids," Michele O'Neil from the ACTU said. "The annual rise in the CPI is the largest since the introduction of the goods and services tax ," she said.
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