PRICE INDEXES


CONTENTS

Consumer price index

Wage price index

House price index


CONSUMER PRICE INDEX

The all groups consumer price index (CPI) for Adelaide rose 0.6% during the March quarter 2010, while the weighted average of the eight capital cities increased by 0.9% in the same period. Adelaide's CPI increased by 2.6% in the year ending March quarter 2010, compared with a 2.9% rise in the weighted average of the eight capital cities.

Adelaide's largest percentage increases in prices from the previous quarter were in the areas of Education (5.8%) and Health (3.1%). The largest decreases in prices from the previous quarter were for Clothing and footwear (3.8%), Recreation (1.3%) and Household contents and services (1.3%).

WAGE PRICE INDEX

The wage price index for all employee jobs in South Australia increased by 0.9% (in original terms) between the December quarter 2009 and March quarter 2010. This was equivalent to the national increase of 0.9% over the same period.

HOUSE PRICE INDEX

Preliminary estimates show that, for the fourth consecutive quarter, the price index for established houses for Adelaide (in original terms) has increased with the March quarter 2010 2.7% higher than the previous quarter. Price rises were also recorded in all other capital cities between the December quarter 2009 and March quarter 2010 resulting in an increase in the price index for the weighted average of the eight capital cities of 4.8% over this period. Brisbane (2.0%) and Adelaide (2.7%) were the capitals with the smallest increases whilst Melbourne (6.7%) recorded the largest increase.

In the 12 months to the March quarter 2010, preliminary estimates show the price index for established houses for Adelaide rose 10.8%, while the weighted average of the eight capital cities increased 20.0%. Melbourne (27.7%), Sydney (21.0%) and Canberra (20.6%) recorded the largest increases whilst Adelaide's increase of 10.8% was the lowest of all the capital cities.