ABS: Computer prices fall despite rising inflation

ABS: Computer prices fall despite rising inflation

Audio, visual and computing equipment prices have fallen by 2.2 per cent despite a national average increase of 1 per cent, according to the ABS

Computer equipment prices are going against the national consumer trend and continue to drive, according to the latest inflation figures from the Australian Bureau of Statistics (ABS).

Consumer price index (CPI) September figures released today show a 1 per cent rise in inflation, along with higher costs for transport, housing and clothing. But the category of audio, visual and computing equipment fell by 2.2 per cent quarter-on-quarter and was one of the biggest, offsetting price falls.

The ABS figures also reported computer prices fell by 8.5 per cent year-on-year in Australia to September 2009.

Hardware vendors have recently begun cutting prices in response to a rising Australian dollar. This week, Sun Microsystems announced further cuts to its price list to reflect the strengthening currency.

As a whole however, companies have had to work with the rollercoaster local currency’s drops and rises after it fell to below $US0.70 in early 2009. The Australian printer market was just one of the affected segments.

The Australian dollar was trading at $0.9144 against the US greenback at time of publication.

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