ABS CPI December quarter 2011 unchanged

Complacement Parliament exposes small builders and tax payers to new risks

HAS

The decision by the House of Representatives to abolish the IR regulator in the construction industry, the Australian Building and Construction Commission, is a complacent decision by this minority parliament.

A sign that the House of Representatives has not yet come to grips with being a house of review over contentious IR legislation where detail and history matter, according to a statement by Peter Anderson, Chief Executive of the Australian Chamber of Commerce and Industry.

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ABS CPI December quarter 2011 unchanged

Wednesday, 25 January 2012 13:20

The Consumer Price Index (CPI) was unchanged in the December quarter 2011, compared with a rise of 0.6% in the September quarter 2011.

The most significant price rises in the December quarter 2011 were for domestic holiday travel and accommodation (+7.3%), rents (+1.0), telecommunication equipment and services (+1.1%), beer (+1.2%) and automotive fuel (+0.7%).

The most significant offsetting price falls were for fruit (-13.4%), pharmaceutical products (-5.6%), vegetables (-5.0%), audio, visual and computing equipment (-3.4%), international holiday travel and accommodation (-1.9%) and motor vehicles (-1.2%).

The CPI rose 3.1% through the year to the December quarter 2011, compared with a rise of 3.5% through the year to the September quarter 2011.