The CPI indexation factor, which is used for FBT purposes concerning remote area benefits (under ss 60 and 60AA of the FBTAA), for the March quarter 2013 increased 0.4 from the December 2012 quarter to 102.4. Inflation for the year to 31 March 2013 was running at 2.5%. The most significant price rises for the quarter were for new dwelling purchases by owner-occupiers (+1.7%), pharmaceutical products (+7.6%), tertiary education (+6.5%), and tobacco (+3.7%).
Source: Australian Bureau of Statistics Catalogue 6401.0, 24 April 2013
[LTN 77, 24/4/13]