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6469.0 - Outcome of the 16th Series Australian Consumer Price Index Review, Dec 2010  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/12/2010  First Issue
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OUTCOME

2.30 The principal purpose of the CPI is household inflation measurement and the acquisitions approach will remain the conceptual basis for compiling the CPI. Consistent with maintaining this conceptual basis, owner-occupied housing (OOH) will continue to be measured as the change in the price of gross fixed capital formation (GFCF) of houses, net of land. A weighting pattern representative of all private households in the eight capital cities will continue to be used.

2.31 The current quarterly publication of the outlays based Analytical Living Cost Indexes (ALCIs) and the Pensioner and Beneficiary Living Cost Index (PBLCI) will be maintained, and the current research to determine the need for improved coverage of outlets and products in the PBLCI will be completed. Where there is a clearly demonstrated need, and additional resources are provided, other complementary quarterly price indexes on an outlays basis will be produced for particular population subgroups on a case-by-case basis.


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