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1308.8 - In fACT - Statistical Information on the ACT and Region, Aug 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 20/08/2009   
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Contents >> Economy >> Consumer Price Index

CONSUMER PRICE INDEX

Introduction

Change from previous year

Change from previous quarter


Introduction

The Consumer Price Index (CPI) is a widely used economic indicator, that provides a general measure of changes in prices of consumer goods and services purchased by Australian households. Prices are measured in each of the eight state and territory capital cities. The CPI 'basket' is split into 11 major groups:
Food, Alcohol and tobacco, Clothing and footwear, Housing, Household contents and services, Health, Transportation, Communication, Recreation, Education and Financial and insurance services. These groups contain the 90 expenditure classes, which in turn contain a selection of the individual items which are priced each quarter.

Further information about the CPI is contained in Australian Consumer Price Index: Concepts, Sources and Methods, 2005 (cat. no. 6461.0).


Change from previous year

In the year to June 2009, the All Groups Consumer Price Index (CPI) rose by 2.1% for Canberra and 1.5% nationally (weighted average of the eight capital cities). In Canberra the most significant price rise occurred in Housing, up 6.4%. The most significant rises nationally were in Housing and Health, up 5.2%. In Canberra there were decreases in Transportation and in Financial and insurance services. There were decreases, both nationally and in Canberra, for Transportation (nationally -5.9%, Canberra -6.5%) and Financial and insurance services (nationally -6.6%, Canberra -5.7%).

CONSUMER PRICE INDEX, Percentage change from corresponding quarter of previous year - Jun Qtr 09
Graph: CONSUMER PRICE INDEX, Percentage change from corresponding quarter of previous year—Jun Qtr 09



Change from previous quarter

In the June quarter 2009 the All Groups CPI rose by 0.6% for Canberra, and 0.5% nationally (weighted average of eight capital cities). The most significant fall occurred for Financial and insurance services, down 1.5% in Canberra and 1.7% nationally. The most significant price rise occurred in Household contents and services, up 2.6% in Canberra and Health up 2.3% nationally.

Consumer Price Index, Percentage change from previous period - Jun Qtr 09
Graph: Consumer Price Index, Percentage change from previous period—Jun Qtr 09


The largest contributor to the increase of 0.6% in the CPI for Canberra in June quarter 2009 was Household contents and services (2.6%). Within the Household contents and services group, the key driver of the increase was the price for Towels and linen, which rose by 17.2% in the quarter.

Consumer Price Index by Expenditure Class, Canberra - Household contents and services - Jun Qtr 09
Graph: Consumer Price Index by Expenditure Class, Canberra—Household contents and services—Jun Qtr 09



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