6463.0 - Analytical Living Cost Indexes for Selected Australian Household Types, Jun 2011 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/08/2011
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CHANGES IN THIS ISSUE
This issue incorporates a number of amendments to historical series in Table 7 - Analytical Living Cost Indexes and the CPI, where errors had been made in the rounding process when calculating the percentage changes. Please see paragraph 19 in the explanatory notes for more information on the ALCI calculation methodology.
CHANGES TO THE ALCI FROM SEPTEMBER QUARTER 2011
The September quarter 2011 issue of the Analytical Living Cost Indexes (ALCIs) will incorporate some changes flowing from the recent major review of the CPI.
The main changes that will be incorporated in the September quarter 2011 ALCI publication are:
The 16th series CPI will be introduced from the September quarter 2011. The ABS will release a series of publications in the coming months to provide users with detailed information regarding the changes to the ALCIs and the CPI. For further details please refer to Changes to the CPI from September Quarter 2011 within Consumer Price Index, Australia, June quarter 2011 (cat. no. 6401.0) or www.abs.gov.au.
IMPACT OF THE FLOODS AND CYCLONE YASI
ABS price index compilation methodologies and quality assurance processes have ensured that any impact of the floods and cyclone on consumer prices is reflected in the data included in this publication.
Any discrepancies between totals and sums of components in this publication are due to rounding.
CPI DATA RE-REFERENCED TO JUNE QUARTER 1998 = 100.0
For ease of comparison, the index reference period for the CPI data used throughout this publication has been re-referenced to June quarter 1998 = 100.0. All index numbers and percentage changes shown are calculated on this basis. This may lead to some minor differences due to rounding from the figures published in Consumer Price Index, Australia (cat. no. 6401.0).
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
THE ANALYTICAL LIVING COST INDEX
The Analytical Living Cost Indexes (ALCI) for Selected Australian Household Types have been designed to answer the question:
'By how much would after tax money incomes need to change to allow households to purchase the same quantity of consumer goods and services that they purchased in the base period?'
In the June quarter 2011, changes in the living costs of age pensioner households, employee households and other government transfer recipient households all rose 0.9%. The self-funded retiree households living costs rose 1.0% in the June quarter 2011. The Consumer Price Index (CPI) (re-referenced) rose 1.0% over the same period. For more information about the June quarter 2011 results, see Results by Household Type.
Since the series began in the June quarter 1998 the living costs of other government transfer recipient households showed the highest rise of 54.3% followed by age pensioner households which rose 52.6% and employee households which rose 51.9%, all higher than the 47.4% rise in the CPI (re-referenced). The living costs of self-funded retiree households rose 47.2%.
These differences have come about for a number of reasons. The inclusion of mortgage interest and consumer credit charges in the analytical living cost indexes have a significant impact on employee and other government transfer recipient households. The inclusion of mortgage interest and consumer credit charges and the different treatments of housing and insurance in the ALCIs result in variations between the ALCIs and the CPI series. The expenditure patterns of those households measured by the ALCIs differ from those of the overall household sector covered by the CPI. This also contributes to differences in the percentage changes.
For a discussion of the relationship between the ALCIs and CPI, see the Explanatory Notes.
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