PRICE INDEXES


CONTENTS

Consumer price index

Wage price index

House price index


CONSUMER PRICE INDEX

During the September quarter 2009 the all groups consumer price index (CPI) for Adelaide and for the weighted average of the eight capital cities rose by 1.1% and 1.0% respectively.

Adelaide's CPI increased by 1.4% in the year ending September quarter 2009, compared with a 1.3% rise for the weighted average of the eight capital cities.

Adelaide's largest percentage increases in prices from the previous quarter were in the areas of Finance and insurance services (2.7%), Housing (2.1%) and Transportation (2.0%). The only decreases in prices from the previous quarter were for Clothing and footwear (-1.4%) and Health (-0.9%).

WAGE PRICE INDEX

The wage price index for all employee jobs in South Australia increased by 0.7% (in original terms) between the June and September quarters 2009. This was less than the national increase of 0.9% over the same period.

HOUSE PRICE INDEX

Preliminary estimates show that, for the second consecutive quarter, the price index for established houses for Adelaide (in original terms) has increased with the result for the September quarter 2009 1.7% higher than the previous quarter. Price rises were also recorded in all other capital cities between the June and September quarters 2009 resulting in an increase in the price index for the weighted average of the eight capital cities of 4.2% over this period. Adelaide (1.7%) and Hobart (1.8%) were the capitals with the smallest increases whilst Melbourne (4.7%) recorded the largest increase.

Over the year to the September quarter 2009, the preliminary estimates show the price index for established houses for Adelaide rose 3.7%, while the weighted average of the eight capital cities increased 6.2%. Darwin (12.3%) and Melbourne (8.4%) recorded the largest increases whilst Adelaide's increase of 3.7% was the lowest of all the capital cities.