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 0.3% during the December quarter 2010, while the weighted average of the eight capital cities increased by 0.4% in the same period. Adelaide's CPI increased by 2.5% in the year ending December quarter 2010, compared with a 2.7% rise in the weighted average of the eight capital cities.

Adelaide's largest percentage increases in prices from the previous quarter were for Food (1.5%) and Recreation (1.1%). The largest decreases in prices from the previous quarter were for Clothing and footwear (3.4%) and Household contents and services (1.5%).

WAGE PRICE INDEX

The wage price index for all employee jobs in South Australia increased by 1.1% (in original terms) between the September and December quarters 2010. This was higher than the national increase of 0.9% over the same period. Of all the states, South Australia experienced the largest increase (1.1%) and New South Wales the smallest (0.7%).

HOUSE PRICE INDEX

Preliminary estimates show the price index for established houses for Adelaide (in original terms) has risen by 1.1% in the December quarter 2010, following a fall of 0.9% in the previous quarter. Price rises were recorded in all other capital cities with the exception of Perth. Canberra (1.9%), Sydney (1.6%) and Melbourne (1.3%) recorded the largest price index increases. A fall of 3.2% in Perth moderated all other price index rises, resulting in an increase in the price index for established houses for the weighted average of the eight capital cities of 0.7% in the December quarter 2010.

In the 12 months to the December quarter 2010, preliminary estimates show the price index for established houses for Adelaide rose 3.5%, while the weighted average of the eight capital cities increased 5.8%. Melbourne (10.8%), Sydney (7.4%) and Canberra (6.5%) recorded the largest increases whilst Perth recorded the only decrease (2.0%) of all the capital cities.


*DATA NOTES

Please refer to source publications for impact of floods on data and collections.