The ABS has released the CPI indexation factor for the June quarter 2017 showing a 0.2 increase from the March 2017 quarter to 110.7. This CPI indexation factor is used for FBT purposes concerning remote area benefits (under ss 60 and 60AA of the FBTAA). The Australian Bureau of Statistics said inflation was running at 1.9% through the year to 30 June 2017.
The most significant price rises for the quarter were medical and hospital services (+4.1%), new dwelling purchase by owner-occupiers (+0.9%) and tobacco (+1.0%). These rises are partially offset by falls in domestic holiday travel and accommodation (-3.2%) and automotive fuel (-2.5%).
[ABS media release; LTN 140, 26/7/17]