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 1.3% in the September quarter 2008 while the weighted average of the eight capital cities rose by 1.2% in that quarter. Adelaide's CPI increased by 5.1% in the year ending September quarter 2008, compared with a 5.0% rise in the weighted average of the eight capital cities.

Adelaide's largest percentage increases in prices from the previous quarter were in the areas of Housing (2.8%), Alcohol and tobacco (2.0%), Food (1.7%), Recreation (1.7%) and Financial and insurance services (1.7%). The largest decreases in prices from the previous quarter were for Clothing and footwear (-1.8%) and Household contents and services (-0.6%).

WAGE PRICE INDEX

The wage price index for all employee jobs in South Australia increased by 1.1% (in original terms) from the June quarter 2008 to the September quarter 2008. This was less than the increase nationally (1.2%) over this period.

HOUSE PRICE INDEX

Preliminary estimates show that the price index for established houses for Adelaide (in original terms) decreased 0.1% in the September quarter 2008. Over this period, the price index for the weighted average of the eight capital cities decreased by 1.8%.

Over the year to the September quarter 2008, the preliminary estimates show the price index for established houses for Adelaide rose 9.7%, while the weighted average of the eight capital cities increased 2.8%. House prices increased faster in Adelaide than in any other capital city over the year to the September quarter 2008.