Consumer prices in Australia advanced 1.5 percent on year in the third quarter of 2015, the Australian Bureau of Statistics said on Wednesday.
That missed forecasts for 1.7 percent, and was unchanged from the previous three months.
Among the individual components, prices for education jumped 5.5 percent on year, followed by alcohol (5.0 percent), health care (4.8 percent), housing (2.7 percent), financial services (2.0 percent), furniture (1.8 percent) and recreation (1.1 percent).
Prices for communications equipment shed 4.1 percent, while transportation was down 2.2 percent and clothing shed 1.0 percent.
On a quarterly basis, inflation added 0.5 percent – also shy of expectations for 0.7 percent, which would have been unchanged from the three months prior.
Among the individual components, prices for alcohol jumped 1.3 percent on quarter, followed by recreation and furniture (0.8 percent each), housing (0.6 percent), health (0.3 percent) and education (0.2 percent).
Prices for communications equipment fell 2.0 percent and clothing was down 1.1 percent.
The most significant price rises include international holiday travel and accommodation (+4.6 percent), fruit (+8.2 percent) and property rates and charges (+4.6 percent).
The most significant offsetting price are vegetables (-5.9 percent), telecommunication equipment and services (-2.0 percent) and automotive fuel (-1.7 percent).
Among the underlying trends, the Reserve Bank of Australia’s trimmed mean was up 0.3 percent on quarter and 2.1 percent on year – slowing from 0.6 percent on quarter and 2.2 percent on year in Q2.
The weighted median was up 0.3 percent on quarter and 2.2 percent on year, down from 0.5 percent on quarter and 2.4 percent on year in the three months prior.
The material has been provided by InstaForex Company – www.instaforex.com