6461.0 - Consumer Price Index: Concepts, Sources and Methods, 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/12/2009   
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APPENDIX 3 TRADABLES, NON-TRADABLES AND VOLATILE ITEMS


INTRODUCTION

1 All groups, tradables component: comprises all items whose prices are largely determined on the world market.

2 All groups, non-tradables component: comprises all items whose prices are largely determined in the domestic market. It comprises all items not included in the All groups, tradables component.

3 All groups, excluding volatile items: comprises the All groups CPI excluding Fruit and vegetables and Automotive fuel.

4 Market goods and services, excluding volatile items: in addition to the items excluded from the series All groups, excluding volatile items, this series also excludes Utilities, Property rates and charges, Child care, Health, Other motoring charges, Urban transport fares, Postal, and Education.


TRADABLES AND NON-TRADABLES

5 The tradables component comprises all items whose prices are largely determined on the world market. A commodity is defined as tradable if a significant proportion of its domestic output is exported or if a significant proportion of its demand for domestic consumption is imported. For the purpose of this analysis, the most current input-output data is used and an arbitrary threshold of 10 per cent is used to determine whether an industry is exportable or importable. All commodities which are classified as importable and/or exportable form part of the tradable component. The non-tradable component consists of the remaining commodities.

6 The following table shows, for each CPI group, which expenditure classes are classified as tradable and which are classified as non-tradable. In aggregate, fifty expenditure classes, accounting for approximately 42 per cent of the CPI by weight, are classified as tradable. The remaining forty expenditure classes, accounting for approximately 58 per cent of the CPI by weight, are classified as non-tradable.

A3.1 TRADABLES AND NON-TRADABLES

TRADABLES
NON-TRADABLES

Food
Food
Cheese
Milk
Ice cream and other dairy products
Bread
Other cereal products
Cakes and biscuits
Beef and veal
Breakfast cereals
Lamb and mutton
Poultry
Pork
Bacon and ham
Other fresh and processed meat
Restaurant meals
Fish and other seafood
Take away and fast foods
Fruit
Eggs
Vegetables
Jams, honey and sandwich spreads
Soft drinks, waters and juices
Snacks and confectionery
Tea, coffee and food drinks
Food additives and condiments
Fats and oils
Food n.e.c.
Alcohol and tobacco
Alcohol and tobacco
Wine
Beer
Spirits
Tobacco
Clothing and footwear
Clothing and footwear
Men's outerwear
Clothing services and shoe repair
Men's underwear, nightwear and socks
Women's outerwear
Women's underwear, nightwear and hosiery
Children's and infants' clothing
Men's footwear
Women's footwear
Children's footwear
Clothing accessories and jewellery
Fabrics and knitting wool
Housing
Housing
Rents
Electricity
Gas and other household fuels
Water and sewerage
House purchase
Property rates and charges
House repairs and maintenance
Household contents and services
Household contents and services
Furniture
Household services
Floor and window coverings
Hairdressing and personal care services
Towels and linen
Child care
Major household appliances
Small electric household appliances
Glassware, tableware and household utensils
Tools
Household cleaning agents
Toiletries and personal care products
Other household supplies
Health
Health
Pharmaceuticals
Hospital and medical services
Optical services
Dental services
Transportation
Transportation
Motor vehicles
Motor vehicle repair and servicing
Automotive fuel
Other motoring charges
Motor vehicle parts and accessories
Urban transport fares
Communication
Communication
Postal
Telecommunication
Recreation
Recreation
Audio, visual and computing equipment
Sports participation
Audio, visual and computing media and services
Pet services including veterinary
Books
Other recreational activities
Newspapers and magazines
Domestic holiday travel and accommodation
Sports and recreational equipment
Toys, games and hobbies
Pets, pet foods and supplies
Overseas holiday travel and accommodation
Education
Education
Preschool and primary education
Secondary education
Tertiary education
Financial and insurance services
Financial and insurance services
Deposit and loan facilities
Other financial services
Insurance services




ALL GROUPS EXCLUDING "VOLATILE ITEMS"

7 The All groups excluding 'volatile items' series comprises the All groups CPI excluding the Fruit, Vegetables and Automotive fuel expenditure classes.


MARKET GOODS AND SERVICES, EXCLUDING 'VOLATILE' ITEMS

8 The series Market goods and services, excluding volatile items excludes the following expenditure classes.
  • Fruit and vegetables;
  • Automotive fuel;
  • Electricity;
  • Gas and other household fuels;
  • Water and sewerage;
  • Property rates and charges;
  • Child care;
  • Hospital and medical services;
  • Optical services;
  • Dental services;
  • Pharmaceuticals;
  • Other motoring charges;
  • Urban transport fares;
  • Postal;
  • Preschool and primary education;
  • Secondary education; and
  • Tertiary education.