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This page contains the following further information for a resilient economy:
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GLOSSARY
Chain Price Index
An annually-reweighted Laspeyres price index. This can be thought of as a series of indexes measuring price change from a base year to quarters in the following year using current price values in the base year as weights, linked together to form a continuous time series.
Consumer Price Index (CPI)
The Consumer Price Index (CPI) provides a general measure of change in prices of consumer goods and services purchased by Australian households. It measures quarterly changes in the price of a 'basket' of goods and services which account for a high proportion of expenditure by the CPI population group (i.e. capital city households). This 'basket' covers a wide range of goods and services, including items such as food, clothing, housing, health, transport, education and recreation to name a few. The CPI used for the purposes of this publication is the weighted average of eight capital cities.
Final Consumption Expenditure
Final Consumption Expenditure consists of expenditure on consumption goods and services, including imputed expenditure, incurred by general government, resident households and non-profit institutions serving households.
Gross domestic product (GDP)
Gross domestic product is the total market value of goods and services produced in Australia within a given period after deducting the cost of goods and services used up in the process of production, but before deducting allowances for the consumption of fixed capital. Thus gross domestic product, as here defined, is 'at market prices'. It is equivalent to gross national expenditure plus exports of goods and services less imports of goods and services.
Gross Fixed Capital Formation
Gross Fixed Capital Formation is the value of producers' acquisitions, less disposals, of fixed assets during the period. Fixed assets are tangible or intangible assets produced as outputs from processes of production that are themselves used repeatedly in other processes of production for more than one year.
Hours worked
The hours worked by all labour engaged in the production of goods and services, including hours worked by civilian wage and salary earners, employers, self-employed persons, persons working one hour or more without pay in a family business or on a farm, and members of the Australian defence forces.
Inflation
A term commonly used to refer to changes in price levels. A rise in prices is called inflation, while a fall is called deflation.
Risk-weighted assets
A bank's assets or off-balance sheet exposures, weighted according to risk.
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REFERENCES
Economic Planning Advisory Council, 1990, Office of EPAC Seminar 1990: Australia's Inflation Problem, AGPS, Canberra.
Reserve Bank of Australia, 2010, Measures of Underlying Inflation, Bulletin, March Quarter 2010 <www.rba.gov.au>
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Click on the links below to be taken to a summary of the graphs from the corresponding tab within the a resilient economy theme:
Overall progress?
Flexibility
Stability
Prudent financial sector
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| OVERALL PROGRESS? |
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Multifactor productivity |
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Headline progress indicator | | ...over the longer term |
Footnote:
(a) Reference year for index is 2010-11 = 100.0.
Source:
ABS Australian System of National Accounts, 2011-12 (cat. no. 5204.0) | | 
Footnote:
(a) Reference year for index is 2010-11 = 100.0.
Source:
ABS Australian System of National Accounts, 2011-12 (cat. no. 5204.0) |
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| FLEXIBILITY |
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Average duration of unemployment |
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Progress indicator | | ...by sex |
Source:
ABS Labour Force, Australia, Detailed - Electronic Delivery, Jul 2013 (cat. no. 6291.0.55.001) | | 
Source:
ABS Labour Force, Australia, Detailed - Electronic Delivery, Jul 2013 (cat. no. 6291.0.55.001) |
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| STABILITY |
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Consumer price index |
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Progress indicator | | ...over the longer term |
Source:
ABS Consumer Price Index, Australia, Jun 2013 (cat. no. 6401.0) | | 
Source:
ABS Consumer Price Index, Australia, Jun 2013 (cat. no. 6401.0) |
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...ten year growth by capital city | | |
Source:
ABS Consumer Price Index, Australia, Jun 2013 (cat. no. 6401.0) | | |
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| PRUDENT FINANCIAL SECTOR | | |
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Total capital base ratio |
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Progress indicator | | |
Source:
Reserve Bank of Australia, Historical Statistics -Banks - Consolidated Group Capital, (data collected by APRA) | | |
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