Inflation remains low in lead up to Christmas

The September quarter Consumer Price Index (CPI) shows inflation rose 0.5% in the September quarter and 2.3% in the year to September 2014.

Commenting on yesterday’s CPI figures Australian National Retailers’ Association (ANRA) CEO, Anna McPhee, said the “middle of the road inflation number in the year to September 2014 demonstrates inflation is well contained. Retailers hope this will provide further evidence for the Reserve Bank of Australia to continue the current period of interest rate stability into 2015. This should provide consumers with some level of confidence as we approach the important Christmas shopping period – the busiest time of year for the retail sector”.

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