A lot of products got cheaper in 2018

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Prices always go up, right? Well, not for everything, according to the latest inflation data from the Australian Bureau of Statistics.

While the average price of all products and services rose by 1.8 per cent during 2018, there were numerous items that experienced price falls – including the ones below:

Product / service Annual change
Audio, visual & computing equipment -8.8%
Child care -8.3%
Footwear -5.5%
Telecommunication equipment & services -4.7%
Household textiles -3.7%
Personal care products -2.8%
Games, toys & hobbies -2.8%
Domestic & household services -1.9%
Cleaning & maintenance products -1.4%
Motor vehicles -1.1%

Smoking and drinking became much dearer

That said, prices rose in most of the 11 different categories monitored by the ABS.

Only three of the categories experienced price falls – clothing and footwear; furnishings, house equipment and services; and communication.

Category Annual change
Alcohol & tobacco 6.8%
Health 3.3%
Transport 2.8%
Education 2.7%
Recreation & culture 1.7%
Insurance & financial services 1.5%
Food & non-alcoholic beverages 1.5%
Housing 1.5%
Clothing & footwear -0.7%
Furnishings, household equipment & services -0.8%
Communication -4.3%

All hail Hobart, the inflation king

All of Australia’s capital cities became more expensive places to live during 2018.

Hobart, Canberra and Melbourne experienced above-average inflation, while prices in the other five capitals grew at below-average rates.

City Annual change
Hobart 3.0%
Canberra 2.5%
Melbourne 2.0%
Sydney 1.7%
Adelaide 1.6%
Brisbane 1.5%
Perth 1.3%
Darwin 1.2%
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