Australia Inflation Rises 0.7% On Quarter, 1.5% On Year In Q2

Consumer prices in Australia were up 0.7 percent on quarter in the second quarter of 2015, the Australian Bureau of Statistics said on Wednesday.

That was shy of forecasts for 0.8 percent and up from 0.2 percent in the first quarter.

On a yearly basis, inflation added 1.5 percent - also beneath expectations for 1.7 percent but up from 1.3 percent in the three months prior.

The most significant price rises this quarter are automotive fuel (+12.2 percent), medical and hospital services (+4.5 percent) and new dwelling purchase by owner-occupiers (+1.5 percent).

The most significant offsetting price falls this quarter are domestic holiday travel and accommodation (-5.4 percent) and pharmaceutical products (-1.8 percent).

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