December 2016 Quarter Key Points (Statistics)
The All Groups CPI
- rose 0.5% this quarter, compared with a rise of 0.7% in the September quarter 2016.
- rose 1.5% over the twelve months to the December quarter 2016, compared with a rise of 1.3% over the twelve months to the September quarter 2016.
Overview Of CPI Movements
- The most significant price rises this quarter are tobacco (+7.4%), automotive fuel (+6.7%), domestic holiday travel and accommodation (+5.5%) and new dwelling purchase by owner-occupiers (+0.5%).
- The most significant offsetting price falls this quarter are international holiday travel and accommodation (-2.6%), accessories (-5.1%) and waters, soft drinks and juices (-3.2%).
Source Australian Bureau of Statistics
Australian Interest Rate Movements
| DATE | MOVEMENT | RATE |
| Current | -0.25 | 1.50% |
| 3 Aug 2016 | -0.25 | 1.50% |
| 4 May 2016 | -0.25 | 1.75% |
| 6 May 2015 | -0.25 | 2.00% |
| 4 Feb 2015 | -0.25 | 2.25% |
| 7 August 2013 | -0.25 | 2.50% |
| 8 May 2013 | -0.25 | 2.75% |
| 5 December 2012 | -0.25 | 3.00% |
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