The transport sector saw the highest price increase at 3.91%; housing and construction materials went up by 0.47%; and culture, entertainment and tourism services rose by 0.3%; amongst others. Chief Economist for the ABS, Bruce Hockman said: "This was the largest quarterly fall in the 72 year history of the CPI".
The change differed for each of Australia's states and territories, ranging from a one per cent drop in Adelaide to a down 2.5 per cent slump in Darwin.
"This time around, although we are in recession now, the fall in the CPI is more the result of the one-off fall in childcare prices due to the Government's decision to make it free for part of the shutdown and the fall in petrol prices".More news: Halo Infinite multiplayer will be free-to-play according to new leak
The average cost of fuel fell 19.3 per cent over the three months to June, dragging down the CPI.
Rent costs fell by 1.3 per cent, for the first time since data was collected on this in 1972, as landlords were barred from evicting tenants. Food and alcohol and tobacco price rises were the largest contributors to inflation in the second quarter, each contributing 0.1 percentage point.
Cleaning products and toilet paper also jumped up in cost, rising 6.2 per cent and 4.5 per cent respectively, as COVID-19 caused mass panic buying.More news: Kim Kardashian and Kanye Wests future hangs in balance
An an annual basis, prices have fallen by 0.3 per cent - a level significantly below the Reserve Bank of Australia's two to three per cent target which means interest rates are extremely unlikely to be raised any time soon.
'Even if we see the expected significant bounce in the third quarter associated with the unwinding of government assistance packages, it will not be enough to drive a meaningful lift in underlying inflationary momentum, ' he said. "The previous times were in 1962 and 1997-98".
"Despite numerous shocks being one offs that are set to be reversed, the COVID shutdown has shifted what we thought were signs of a recovery to a broader mixed outcome with signs of an underlying deflationary trend in many series again in the third quarter", he said.More news: NOAA: Hurricane Isaias Track To Florida, Spaghetti Models