The June 2020 quarter CPI figures show the impact the COVID pandemic is having on the economy as consumers restrict their spending and adjust their activities and way of life, according to the Real Estate Institute of Australia (REIA).
“The All Groups CPI, fell 1.9 per cent in the June 2020 quarter giving an annual drop of 0.3%. This is markedly down on the March quarter figures of increases of 0.3 % and 2.2%, respectively, and was the largest quarterly fall in the 72 year history of the CPI," REIA President Mr Adrian Kelly said.
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