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 0.9% during the September quarter 2010, while the weighted average of the eight capital cities increased by 0.7% in the same period. Adelaide's CPI increased by 2.6% in the year ending September quarter 2010, compared with a 2.8% rise in the weighted average of the eight capital cities.

Adelaide's largest percentage increases in prices from the previous quarter were for Alcohol and tobacco (3.3%) and Housing (2.4%). The largest decreases in prices from the previous quarter were for Transportation (1.2%) and Health (0.6%).

WAGE PRICE INDEX

The wage price index for all employee jobs in South Australia increased by 1.2% (in original terms) between the June and September quarters 2010. This was slightly lower than the national increase of 1.4% over the same period.

HOUSE PRICE INDEX

Preliminary estimates show the price index for established houses for Adelaide (in original terms) has fallen by 1.4% in the September quarter 2010; the first quarterly decrease since March 2009. The price index rises recorded in Melbourne (2.7%), Perth (0.4%) and Darwin (0.3%), countered the decreases recorded in all other capitals and resulted in a slight increase in the price index for the weighted average of the eight capital cities of 0.1% in the September quarter 2010. Brisbane recorded the largest decrease (2.1%) of all the capital cities.

In the 12 months to the September quarter 2010, preliminary estimates show the price index for established houses for Adelaide rose 6.3%, while the weighted average of the eight capital cities increased 11.5%. Melbourne (18.8%), Sydney (11.0%) and Canberra (11.0%) recorded the largest increases whilst Brisbane's increase of 3.0% was the lowest of all the capital cities.