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CONSUMER PRICE INDEX
Change from previous year
Change from previous quarter
Most significant price rise by group
Introduction
The Consumer Price Index (CPI) is a widely used economic indicator, that provides a general measure of changes in prices of consumer goods and services purchased by Australian households. Prices are measured in each of the eight state and territory capital cities. The CPI 'basket' is split into 11 major groups: Food, Alcohol and tobacco, Clothing and footwear, Housing, Household contents and services, Health, Transportation, Communication, Recreation, Education and Financial and insurance services. These groups contain the 90 expenditure classes, which in turn contain a selection of the individual items which are priced each quarter.
Further information about the CPI is contained in Australian Consumer Price Index: Concepts, Sources and Methods, 2005 (cat. no. 6461.0).
Change from previous year
Consumer Price Index, Percentage change from corresponding quarter of previous year - Sep Qtr 08
In the year to September 2008, the All Groups Consumer Price Index (CPI) rose by 5.2% for Canberra and 5.0% nationally (weighted average of the eight capital cities). The most significant price rise occurred for Financial and insurance services, which rose by 9.3% in Canberra and 9.5% nationally. There were no decreases in any group.
Change from previous quarterConsumer Price Index, Percentage change from previous period - Sep Qtr 08
In the September quarter 2008 the All Groups CPI rose by 1.5% for Canberra, and 1.2% nationally (weighted average of eight capital cities). The most significant price rise occurred for Housing, which rose by 4.1% in Canberra and 2.6% nationally. A fall in the prices of Household contents and services (down 0.8% in Canberra and 0.9% nationally) and Education (down 0.5% in Canberra and 0.5% nationally), as well as Clothing and footwear (down 0.1% in Canberra and 0.7% nationally) and Health (down 0.5% for Canberra and 0.2% nationally) partially offset price rises elsewhere.
Most significant price rise by groupConsumer Price Index by Expenditure Class, Canberra - Housing - Sep Qtr 08
The largest contributor to the rise of 1.5% in the CPI for Canberra in September quarter 2008 was Housing (up 4.1%). Within the Housing group, the most significant price increase was in the Water and sewerage expenditure class, which increased by 12.6% in September quarter 2008. The second highest price increase was in the Gas and other household fuels (9.8%), followed by Property rates and charges (8.5%) and Electricity 6.7%. The remaining expenditure classes rose between 0.6% and 3.7%. |
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