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1301.0 - Year Book Australia, 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003   
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Contents >> Prices >> International comparisons

In analysing price movements in Australia, an important consideration is Australia's performance relative to other countries. However, due to the many differences in the structure of the housing sector in different countries and in the way that housing is treated in their CPIs, a simple comparison of All groups (or headline) CPIs is often inappropriate. In order to provide a better basis for international comparisons, the Fourteenth International Conference of Labour Statisticians adopted a resolution which called for countries to 'provide for dissemination at the international level of an index which excludes shelter, in addition to the all items index'.

Table 28.5 presents indexes for selected countries on a basis consistent with the resolution and broadly comparable with the Australian series 'All groups excluding Housing'.


28.5 CONSUMER PRICE INDEX, International comparisons(a)(b)

1995-96
1996-97
1997-98
1998-99
1999-2000
2000-01
2001-02

INDEX NUMBER.

Australia(c)
121.1
123.9
125.4
126.9
129.4
136.4
140.4
New Zealand
111.9
113.7
114.9
116.9
118.7
123.5
127.0
Hong Kong (SAR of China)
160.3
167.6
173.9
172.0
166.6
164.8
162.5
Indonesia
163.7
174.1
232.7
368.3
367.1
402.6
458.3
Japan
107.3
108.2
112.4
112.4
111.6
111.0
107.7
Republic of Korea
144.4
151.3
162.1
169.0
172.1
179.2
185.0
Singapore
116.0
118.1
119.4
118.5
120.7
123.0
122.7
Taiwan
122.5
125.7
127.2
128.2
129.3
130.9
130.6
Canada
116.0
118.8
120.6
122.0
125.0
128.1
130.3
United States of America
120.9
124.3
125.8
127.2
130.9
135.3
136.4
Germany
117.0
118.2
120.3
120.7
121.8
124.2
126.6
United Kingdom
128.3
131.5
134.6
137.2
139.3
141.4
143.5

CHANGE SINCE PREVIOUS YEAR (%)

Australia(c)
3.9
2.3
1.2
1.2
2.0
5.4
2.9
New Zealand
1.3
1.6
1.1
1.7
1.5
4.0
2.8
Hong Kong (SAR of China)
5.9
4.6
3.8
-1.1
-3.1
-1.1
-1.4
Indonesia
8.9
6.4
33.7
58.3
-0.3
9.7
13.8
Japan
-0.5
0.8
3.9
-
-0.7
-0.5
-3.0
Republic of Korea
4.6
4.8
7.1
4.3
1.8
4.1
3.2
Singapore
1.3
1.8
1.2
-0.8
1.9
1.9
-0.2
Taiwan
2.9
2.6
1.2
0.8
0.9
1.2
-0.2
Canada
2.3
2.4
1.5
1.2
2.5
2.5
1.7
United States of America
2.5
2.8
1.2
1.1
2.9
3.4
0.8
Germany
1.0
1.0
1.8
0.3
0.9
2.0
1.9
United Kingdom
2.8
2.5
2.4
1.9
1.5
1.5
1.5

(a) Reference base year 1989-90 = 100.0.
(b) All groups excluding housing.
(c) The 2000-01 data for Australia were affected by the introduction of The New Tax System, in particular, the introduction of the Goods and Services Tax (GST) from 1 July 2000.

Source: Consumer Price Index, Australia (6401.0).


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