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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

• 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.