CONSUMER PRICE INDEX
- Perth's Consumer Price Index (CPI) has decreased for the past two quarters, falling 0.3% in the December 2008 quarter and 0.1% in the March 2009 quarter.
- Financial and insurance services (-5.9%) was the most significant contributor to the March decrease, with deposits and loan facilities prices falling by almost 14%.
- Another significant contributor to the price decrease was clothing and footwear (-5.4%), particularly men's and women's outer wear, the prices of which both fell by about 8%. Transportation costs (automotive fuel down 10%) and recreation (domestic holiday travel down 6.5%) were also drivers of the fall in the Perth CPI.
- In contrast, the March quarter saw price increases in health (4.2%) and education (5.3%). This reflected the higher price of pharmaceuticals and secondary education (up more than 10% and 8% respectively). The price of food rose by 2.3% in the March 2009 quarter, with vegetables up 5.4%.
CONSUMER PRICE INDEX (ALL GROUPS), Change from same quarter previous year
- In the year to March 2009, Perth's CPI rose 2.2%, slightly less than the nation's CPI rise of 2.5%. All Australian capital cities recorded positive price rises, with Brisbane the largest (3.1%) followed by Darwin (2.8%), while Melbourne had the smallest (2.1%).
- The main contributors to Perth's annual price rise were alcohol and tobacco (6.0%), housing (5.5%) and education (5.3%). Alcohol price rises were particularly high for spirit beverages (up 15%) while increased housing costs were largely due to rising rents (up 11%). Prices in the preschool/primary and secondary education sectors both rose around 8%.
1 Consumer Price Index(a), by Group - Perth |
|
| CHANGE FROM
PREVIOUS FINANCIAL YEAR
| CHANGE FROM
SAME QUARTER
PREVIOUS YEAR | CHANGE FROM
PREVIOUS QUARTER
|
| 2006-07 | 2007-08 | Mar 09 | Dec 08 | Mar 09 |
| % | % | % | % | % |
|
All groups | 4.0 | 3.6 | 2.2 | -0.3 | -0.1 |
Food | 5.4 | 4.2 | 4.8 | 1.2 | 2.3 |
Alcohol and tobacco | 3.6 | 4.1 | 6.0 | 1.3 | 0.8 |
Clothing and footwear | -0.9 | -0.9 | -3.5 | 1.1 | -5.4 |
Housing | 7.4 | 4.6 | 5.5 | 0.8 | 0.5 |
Household contents and services | 2.3 | -0.7 | 2.7 | 1.1 | 0.3 |
Health | 5.3 | 5.4 | 5.2 | -0.6 | 4.2 |
Transportation | 2.4 | 4.7 | -5.8 | -6.5 | -2.6 |
Communication | 1.3 | 0.3 | 1.0 | 0.4 | 0.4 |
Recreation | 1.9 | 2.0 | -0.2 | 0.9 | -0.5 |
Education | 6.9 | 7.8 | 5.3 | - | 5.3 |
Financial and insurance services(b) | 2.0 | 5.7 | 0.2 | -0.6 | -5.9 |
|
- nil or rounded to zero (including null cells) |
(a) Unless otherwise specified, base of each index: 1989-90 = 100.0. |
(b) Base of index: June quarter 2005 = 100.0. |
Source: Consumer Price Index, Australia, cat. no. 6401.0. |
To view Excel spreadsheet:
Consumer Price Index