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Topics @ a Glance - Inflation and Price Indexes
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New releases and upcoming information:


Residential Property Price Indexes
From the December quarter 2013, a number of changes to the content and format of the House Price Indexes: Eight Capital Cities (cat. no. 6416.0) publication have been made. To reflect the change in content, this publication is now known as Residential Property Price Indexes: Eight Capital Cities. The catalogue number (6416.0) will remain the same. Details about these changes are available in the Information Paper: Forthcoming changes to House Price Indexes: Eight Capital Cities (cat. no. 6416.0.55.022) which was released on 24 September 2013.

In summary:
  • the current geography has been updated to align with the Australian Statistical Geography Standard (ASGS);
  • the weights and the variables used to stratify the index have been updated using data from the 2011 Census;
  • all index numbers are calculated on a new index reference period of 2011-12=100;
  • an Attached Dwellings Price Index and an aggregated Residential Property Price Index is now published in addition to the existing House Price Index;
  • a measure for the total value of the dwelling stock has been developed and is available.
Consumer Price Index
From the September quarter 2012, all index numbers published in Consumer Price Index, Australia (cat. no. 6401.0) have been calculated on an index reference period of 2011–12. This resulted 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 have differed 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).

Information Paper: Consumer Price Index Concepts, Sources and Methods, 2011 (cat. no. 6461.0) is a comprehensive description of the Australian Consumer Price Index (CPI) based on the 16th Series -- what the index measures, the goods and services included in it, where the information on prices comes from, how the index is calculated, and how the statistics can be used. It also provides some insight into the kinds of problems the ABS encounters in compiling the CPI and explains how these are dealt with.
Producer Price Index
From the September quarter 2012, all index numbers published in Producer Price Indexes, Australia (cat. no. 6427.0) and International Trade Price Indexes, Australia (cat. no. 6457.0) have been calculated on an index reference period of 2011–12. This resulted 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 have differed 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: Producer and International Trade Price Indexes, Concepts, Sources and Methods, 2006 (cat. no. 6429.0).

The Information Paper: Outcome of the Review of the Producer and International Trade Price Indexes, 2012 (cat. no. 6427.0.55.004) was released on 6 March, 2012. This information paper details the outcome of the review process of the Producer Price Indexes (PPIs) and International Trade Price Indexes (ITPIs) and addresses issues, such as the principal purpose; the organising structure; coverage; and release timing of the PPIs and ITPIs. The outcome of the review will be introduced from the September quarter 2012. The Stage of Production (SOP) indexes will be constructed in accordance with the Australian and Zealand Standard Industrial Classification, 2006 edition from the September quarter 2012. As a result, some previously published SOP series will be discontinued from the September quarter 2012. Appendix 4 of the Information Paper (cat. no. 6427.0.55.004) highlights these changes.

The ABS will release an Information Paper summarising the major changes to the PPIs and IPTIs one month prior to the September quarter 2012 issues of the Producer Price Indexes, Australia (cat. no. 6427.0) and the International Trade Price Indexes, Australia (cat. No. 6457.0). This information paper will also provide the updated weighting patterns of the PPIs including the Stage of Production indexes, and finalising new series.

The Australian Bureau of Statistics has prepared the Information Paper: Review of the Australian Producer and International Trade Price Indexes, 2011 (cat. no. 6427.0.55.003) as a basis for user consultation regarding the review of the suite of Australian Producer Price Indexes and International Trade Price Indexes.

Wage Price Index
The Wage Price Index: Concepts, Sources and Methods, 2012 (cat. no. 6351.0.55.001) is a comprehensive description of the Australian Wage Price Index (WPI). The publication describes purposes and uses of the WPI; historical background of the series; coverage, classifications and sampling of the index; the WPI calculation in practice; and, re-referencing and linking price indexes. The Wage Price Index: Concepts, Sources and Methods, 2012 (cat. no. 6351.0.55.001) is available in either an online version or downloadable PDF file.



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