Hobart’s steep inflation

July 27, 2022 10:50 pm in by

New ABS data has tracked the extent of inflation.

Hobart’s annual inflation rate to the end of June is 6.5%, actually higher than the national average of the capitals of 6.1%

A partial driver of the Hobart result is rent in the Tasmanian capital leaping 6.2% in the year, only Perth and Darwin recorded larger increases.

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Furniture prices also zoomed up by 8.6% in Hobart attributed to growing transport and manufacturing costs.

Other prices rising broadly in Australia’s cities in just three months to the end of June are clothing and footwear up 3.5% and food and non-alcoholic beverages rising 2%. 

One of the few expenses bucking the trend in Hobart were urban transport fares falling 20% in the year due to a period of free public transport.