The CPI indexation factor, which is used for FBT purposes concerning remote area benefits (under ss 60 and 60AA of the FBTAA), for the December quarter 2012 increased 0.2 from the September 2012 quarter to 102.0. Inflation for the year to 31 December 2012 was running at 2.2%. The most significant price rises for the quarter were for domestic holiday travel and accommodation (+6.2%), automotive fuel (+2.6%), and rents (+0.8%).

Source: Australian Bureau of Statistics Catalogue 6401.0, 23 January 2013

[LTN 15, 23/1/13]