Michelle Marquardt

Yeah, so that's up on our website on abs.gov.au.

So you can just search for Consumer Price Index and that will all pop up and you'll be able to see all the new data that's there.

Indeed.

So we are seeing cost of building new houses continuing to go up.

So in the monthly data, what it showed was that it was about 19.5% in April, but by June it had gone up even further to 21%.

So that's across the year.

So 21% is obviously quite a big increase in costs in just 12 months.

Part of that is about, so there's a lot to do with the costs for steel and timber shortages, but also the home builder grants that government set up about 12 months ago are still flowing through.

So a smaller number of people are getting a discount based from home builders.

So that's effectively overall increase in the costs for housing as that discount reduces.

Yeah, so fuel has also gone up very dramatically over the last 12 months.

So in April it was about 20% increase for the year and that was a bit lower than we've been seeing because of the reduction in the fuel price index.

By June it had gone up to 43% increase for fuel over that 12 months and so obviously that's very, very high and is likely to be flowing through to the cost of

other people who are trying to sell products and services.

And what about rents?

They're a little bit flatter than what people actually might realise.

Indeed.

So a lot of people hear about what's happening for advertised rents, but obviously in the Consumer Price Index, what we're looking at is rents.

for everyone.

So people who are in government rental properties, as well as people who are in private rental properties.