World Economic outlook - australian inflation rate forecast 2012 : Consumer price inflation in the quarter to December was unchanged according to the latest data released by the Australian Bureau of Statistics. The prices increased 3.1% in the year 2011 compared to price increase of 3.5% in the year ending in September. In the third quarter inflation increased 0.6%.
The quarterly prices were flat after fruit prices declined 13.4% and vegetables prices fell 5% and pharmaceutical prices declined 5.6%. Domestic holiday travel increased 7.3% in the quarter and rent gained 1%.
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