6401.0 - Consumer Price Index, Australia, Jun 2012 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/07/2012
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JUNE KEY FIGURES
JUNE KEY POINTS
THE ALL GROUPS CPI
OVERVIEW OF CPI MOVEMENTS
CHANGES IN THIS ISSUE
From the June quarter 2012, the measurement of price change for prescribed medicines covered by the Pharmaceutical Benefits Scheme (PBS) has changed. The calculation of the PBS safety net proportions has been improved to correct an identified anomaly. This has led to some revisions in the seasonally adjusted series and may lead to some changes in the regular price change pattern previously observed for this expenditure class. The change has been made to ensure the best measure of price change of pharmaceutical products over time.
CHANGES IN FUTURE RELEASES
From the September quarter 2012, all index numbers will be calculated on a new index reference period of 2011-12. This will result in the index numbers for each index series being reset to 100.0 for the financial year 2011-12. Period-to-period percentage changes may differ slightly to those previously published due to rounding and the re-referencing. These differences do not constitute a revision. Further information on re-referencing can be found in Chapter 12 of Information Paper: Consumer Price Index Concepts, Sources and Methods, 2011 (cat. no. 6461.0).
Any discrepancies between totals and sums of components in this publication are due to rounding.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
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