Business
End of free childcare leads to jump in prices ahead of expected interest rate cut – ABC News
Consumer prices bounce back from historic plunge, increasing by 1.6 per cent in the September quarter after the Federal Government’s free childcare policy comes…
Consumer prices have risen by 1.6 per cent from the June quarter to the September quarter, driven by the end of temporary free childcare and higher petrol prices.
Key points:
- Childcare prices added 0.9 per cent to CPI over the September 2020 quarter
- It was the largest quarterly CPI increase in 20 years after a record 1.9 per cent drop in the June quarter
- Petrol prices rose 9.4 from the June to September quarter as world oil prices rebounded
The Australian Bureau of Statistics (ABS) said the Consumer…
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