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Aussie Inflation at Series Record Low


CPI fell 1.9 per cent in the June 2020 quarter according to the Australian

Bureau of Statistics (ABS).

Chief Economist for the ABS, Bruce Hockman said: "This was the largest

quarterly fall in the 72 year history of the CPI."

The June quarter fall was mainly the result of free child care (-95.0 per cent),

a significant fall in the price of automotive fuel (-19.3 per cent) and a fall

in pre-school and primary education (-16.2 per cent), with free

pre-school being provided in NSW, Victoria and Queensland. Mr Hockman

said: "Excluding these three components, the CPI would have risen

0.1 per cent in the June quarter."

MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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