Australia: Inflation eases to one-year low in Q3
October 22, 2014
In the third quarter of 2014, consumer prices rose 0.5% over the previous quarter, which mirrored the rise tallied in Q2. The result was slightly above market expectations of a 0.4% increase. The quarterly figure reflected that higher prices for fruit, property rates and charges as well as motor vehicles services more than offset lower prices for electricity and automotive fuel.
Annual inflation eased significantly from 3.0% in the second quarter to 2.3% in the third, which marked the lowest reading in one year. However, annual average inflation rose slightly from 2.7% in Q2 to 2.8% in Q3.