Inflation suffers biggest quarterly drop in history: What it means for you – Yahoo Finance Australia

The consumer price index (CPI), which is the main indicator of Australias inflation rate, dropped 1.9 per cent over the June quarter – the biggest quarterly drop in the 72-year history of CPI.
This takes the annual inflation rate to -0.3 per cent in the year to June 2020. Its the third time annual inflation has been negative – the last time being in 1997.
The June quarterly fall was mainly the result of free childcare, a significant drop in the price of fuel and a fall in pre-school and primar…

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