1301.0 - Year Book Australia, 2012  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/05/2012   
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Prices

INTERNATIONAL COMPARISONS

When analysing price movements in Australia, an important consideration is Australia's performance relative to other countries. However, due to the many differences in the structure of the housing sector in different countries and in the way that housing is treated in their CPIs, a simple comparison of All groups (or 'headline') CPIs is often inappropriate. In order to provide a better basis for international comparisons, the Seventeenth International Conference of Labour Statisticians (2003) adopted a resolution which called for countries, where possible, to compile and provide for dissemination to the international community an index that excludes housing and financial services.

Table 29.25 presents indexes for selected countries on a basis consistent with the resolution and broadly comparable to the Australian series All groups CPI excluding housing and insurance and financial services.

29.25 CONSUMER PRICE INDEX, INTERNATIONAL COMPARISONS(a)
Australia
New Zealand
Hong Kong
(SAR of China)
Indonesia
Japan
Korea,
Republic of (South)
Singapore
Taiwan
Canada
United States
of America
Germany
United Kingdom
INDEX NUMBER(b)
2006–07
159.8
139.6
164.8
700.2
106.4
215.4
127.8
138.4
143.8
155.6
135.0
157.6
2007–08
163.8
143.2
171.2
763.5
107.3
223.2
134.2
144.4
145.8
161.8
138.7
162.4
2008–09
167.8
147.7
173.1
831.7
107.9
233.0
137.0
146.6
147.6
163.7
140.1
168.6
2009–10
171.1
150.5
175.5
862.2
105.9
238.8
138.6
146.6
149.5
166.0
141.2
175.4
2010–11
175.4
156.5
182.3
920.6
105.9
248.0
144.2
148.4
153.4
170.7
143.3
185.3
CHANGE FROM PREVIOUS FINANCIAL YEAR (%)
2006–07
3.0
2.1
1.4
8.3
0.3
2.4
0.7
0.1
1.1
1.9
1.5
3.2
2007–08
2.5
2.6
3.9
9.0
0.8
3.6
5.0
4.3
1.4
4.0
2.7
3.0
2008–09
2.4
3.1
1.1
8.9
0.6
4.4
2.1
1.5
1.2
1.2
1.0
3.8
2009–10
2.0
1.9
1.4
3.7
–1.9
2.5
1.2
0.0
1.3
1.4
0.8
4.0
2010–11
2.5
4.0
3.9
6.8
0.0
3.9
4.0
1.2
2.6
2.8
1.5
5.6
(a) All groups excluding housing and insurance and financial services.
(b) Reference base period is 1989–90 = 100.0.
Source: Consumer Price Index, Australia (6401.0).

 

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Statistics contained in the Year Book are the most recent available at the time of preparation. In many cases, the ABS website and the websites of other organisations provide access to more recent data. Each Year Book table or graph and the bibliography at the end of each chapter provides hyperlinks to the most up to date data release where available.