Tobacco, trips and childcare see CPI lift

An increase in tobacco tax, the unwinding of free childcare subsidies and rising domestic holiday travel during the Christmas period saw the consumer price index lift 0.9 per cent during the December quarter.

by Shared by Nestegg | 28 Jan, 2021

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The most significant price rise during the quarter was a 10.9 per cent jump in tobacco, on the back of new taxes, as well as a lifting of the free childcare subsidy, which saw parents cash out 37.7 per cent more with out-of-pocket expenses now returning to pre-COVID level.