Wednesday, October 24

CPI Charts: Electricity at 15 per cent for the quarter

The shock result was that electricity prices increased by 15 per cent for the September quarter. Fruit and vegetables increased at 10 per cent over the quarter.

The headline growth for the quarter was also higher than expected. Given the last two quarters, I suspect the Reserve Bank has reduced head room for further rate cuts.

The analyticals follow ... a fair number of the analytical indicators were over one per cent for the quarter.

And Sydney is this quarter's hot spot ...

Finally, non-tradable inflation rate remains high (and the September quarterly result was particularly high). The tradable rate has now seen two positive quarters.

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