Australian Bureau of Statistics
6401.0 - Consumer Price Index, Australia, Dec 2003
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 28/01/2004
|Page tools: Print Page Print All RSS Search this Product|
DECEMBER QTR KEY POINTS
THE ALL GROUPS CPI
OVERVIEW OF CPI MOVEMENTS
CHANGES IN THIS ISSUE
There are no changes in this issue.
CHILD CARE COSTS IN THE DECEMBER QUARTER 2003
The zero change in the Child care index this quarter incorporates an adjustment to compensate for an overestimation of the price increase recorded in the September quarter 2003. Darwin and Canberra are the capital cities most affected. At the weighted average of eight capital cities level, the impact on the Child care index is small, while the All groups index is not affected. This treatment accords with internationally accepted standards for compiling CPIs. The treatment means that while the quarterly movements for Child care costs for September and December quarters 2003 are inaccurate, the movements between the June and December quarters 2003 are correct.
Any discrepancies between totals and sums of components in this publication are due to rounding.
For further information about these and related statistics, contact Steve Whennan on Canberra 02 6252 6251 , or the National Information Service on 1300 135 070.
ANALYSES AND COMMENTS
CPI GROUPS, WEIGHTED AVERAGE OF EIGHT CAPITAL CITIES: PERCENTAGE CHANGE FROM PREVIOUS QUARTER
MAIN CONTRIBUTORS TO CHANGE
The discussion of the CPI groups below is ordered in terms of their significance to the change in All groups index points (see Tables 6 and 7).
The rise in food costs this quarter was mainly attributable to an increase in the price of fruit (+12.4%), vegetables (+9.1%), take away and fast foods (+1.2%), restaurant meals (+1.1%), poultry (+5.0%) and pork (+5.4%). These increases were partially offset by price falls in a number of food categories with bread (-3.3%) being the most significant.
Over the twelve months to December quarter 2003, food costs rose 3.4%.
The rise in housing costs this quarter was mainly due to an increase in house purchase (+1.0%) and rents (+0.8%). Partially offsetting these increases was a fall in gas and other household fuels (-1.8%).
Over the twelve months to December quarter 2003, housing costs rose 4.7%
The rise in the cost of recreation this quarter was mainly due to an increase in domestic holiday travel and accommodation (+6.6%). Partially offsetting these increases were falls in audio, visual and computing equipment (-5.5%), toys, games and hobbies (-3.4%) and pets, pet food and supplies (-3.4%).
Over the twelve months to December quarter 2003, the cost of recreation fell 0.6%.
The fall in transportation costs this quarter was due to decreases in the price of automotive fuel (-0.9%), motor vehicles (-0.8%) and motor vehicle repair and servicing (-0.1%). Petrol prices rose in July (+2.9%) and August (+4.0%), but fell in September (-0.5%), October (-1.5%), November (-0.2%) and December (-0.9%). These decreases were partially offset by increases in motor vehicle parts and accessories (+0.8%) and other motoring charges (+0.6%).
Over the twelve months to December quarter 2003, transportation costs rose 0.3%.
ALCOHOL AND TOBACCO (+0.6%)
The rise in the cost of alcohol and tobacco this quarter was due to increases in the price of beer (+1.4%), tobacco (+0.6%) and wine (+0.1%).
Over the twelve months to December quarter 2003, the cost of alcohol and tobacco rose 4.4%.
CLOTHING AND FOOTWEAR (-0.2%)
The fall in the cost of clothing and footwear this quarter was due to decreases in the price of clothing accessories and jewellery (-2.1%), men's outerwear (-0.6%), women's outerwear (-0.3%) and men's footwear (-2.8%). Partially offsetting these decreases were increases in women's underwear, nightwear and hosiery (+1.7%), children's and infants' clothing (+0.3%), women's footwear (+1.1%) and children's footwear (+1.4%).
Over the twelve months to December quarter 2003, the cost of clothing and footwear fell 0.8%.
The rise in health costs this quarter was due to increases in hospital and medical services (+1.3%) and dental services (+1.3%). These increases were partially offset by a decrease in the net cost of pharmaceuticals (-3.9%), mainly due to the increased effect of the Pharmaceutical Benefits Scheme safety net in the December quarter.
Over the twelve months to December quarter 2003, health costs rose 6.9%.
CAPITAL CITIES COMPARISON
ALL GROUPS: PERCENTAGE CHANGE FROM PREVIOUS QUARTER
At the All groups level, the December quarter 2003 CPI rose in all capital cities. The increases ranged from 0.2% in Melbourne to 0.8% in Sydney. The low result in Melbourne was largely due to that city recording a decrease in housing costs during the quarter, driven by falls in the cost of gas and other household fuels and house purchase, compared with an increase in each of the other capital cities.
Over the twelve months to December quarter 2003, the All groups CPI rose in each of the eight capital cities. The increases ranged from 1.7% in Darwin to 3.3% in Adelaide.
CPI, All groups index numbers(a) and percentage changes
SELECTED TABLES FROM CONSUMER PRICE INDEX, AUSTRALIA (CAT. NO. 6401.0)
LONGER TERM SERIES:
CPI All Groups, Weighted Average of Eight Capital Cities, Index Numbers(a)
These documents will be presented in a new window.
This page last updated 25 October 2006