CONSUMER PRICE INDEX
The Consumer Price Index (CPI) is a widely used economic indicator, that provides a general measure of changes in prices of consumer goods and services purchased by Australian households. Prices are measured in each of the eight state and territory capital cities. The CPI is split into 11 major groups, each representing a specific set of commodities as follows: Food; Alcohol and tobacco; Clothing and footwear; Housing; Household contents and services; Health; Transportation; Communication; Recreation; Education; and Financial and insurance services.
Between 2005-06 and 2006-07 the All Groups CPI for Canberra rose by 3.0%, from 151.9 to 156.4. Across the eight capital cities in Australia, the weighted average All Groups CPI rose by 2.9%, from 151.7 to 156.1.
Over the period 2001-02 to 2006-07, the All Groups CPI in Canberra rose from 135.2 to 156.4 (15.7%) while across the eight capital cities, the rise was from 136.0 to 156.1 (14.8%).
4.15 Consumer Price Index, All groups index(a)(b) - Canberra and Australia(c) |
|  |
| Canberra | Australia(c) | |
| Index | % change from previous period | Index | % change from previous period | |
| |
| 2001-02 | 135 | 2.5 | 136 | 2.9 | |
| 2002-03 | 140 | 3.3 | 140 | 3.1 | |
| 2003-04 | 143 | 2.6 | 144 | 2.4 | |
| 2004-05 | 147 | 2.3 | 147 | 2.4 | |
| 2005-06 | 152 | 3.5 | 152 | 3.2 | |
| 2006-07 | 156 | 3.0 | 156 | 2.9 | |
| |
| (a) Base of each index: 1989-90 = 100.0. |
| (b) Index numbers for financial years are calculated as the simple arithmetic averages of the quarterly index numbers. |
| (c) Weighted average of eight capital cities. |
| Consumer Price Index, Australia, June quarter 2007 (cat. no. 6401.0), Time series spreadsheets. |
At the individual group level, all groups except Clothing and footwear recorded increases between 2005-06 and 2006-07, for both Canberra and the weighted average of the eight capital cities.
The Food group recorded the largest increase (up 5.2%) in Canberra, between 2005-06 and 2006-07, followed by Housing (up 4.7%) and Health ( up 3.8%). In comparison, for the weighted average of the eight capital cities, the Food group also recorded the highest increase between 2005-06 and 2006-07 ( up 6.2%), Health was next (up 4.7%) followed by Education (up 4.5%).
4.16 Consumer Price Index, Percentage change from previous period - Canberra and Australia(a) |
| |
| | 2001-02 | 2002-03 | 2003-04 | 2004-05 | 2005-06 | 2006-07 | |
| | % | % | % | % | % | % | |
| |
| Canberra | | | | | | | |
| Food | 5.9 | 3.4 | 3.4 | 1.8 | 4.4 | 5.2 | |
| Alcohol and tobacco | 3.6 | 2.5 | 3.8 | 3.3 | 3.3 | 3.5 | |
| Clothing and footwear | 1.2 | 1.6 | -1.2 | -2.2 | 0.4 | -1.4 | |
| Housing | 4.4 | 4.4 | 7.3 | 3.1 | 3.9 | 4.7 | |
| Household contents and services | 1.4 | 1.1 | 0.2 | 0.6 | 3.2 | 1.9 | |
| Health | 4.1 | 7.0 | 7.6 | 5.3 | 5.2 | 3.8 | |
| Transportation | -1.6 | 2.0 | 0.3 | 2.6 | 6.8 | 1.1 | |
| Communication | -0.2 | 3.1 | 1.4 | 0.9 | -1.4 | 1.2 | |
| Recreation | 2.6 | 3.5 | -1.9 | 1.3 | 1.3 | 1.9 | |
| Education | 3.3 | 3.6 | 4.9 | 6.1 | 6.4 | 3.0 | |
| Financial and insurance services(b) | . . | . . | . . | . . | . . | 2.0 | |
| Australia(a) | | | | | | | |
| Food | 5.3 | 3.6 | 3.0 | 1.6 | 4.8 | 6.2 | |
| Alcohol and tobacco | 4.3 | 2.9 | 4.2 | 3.5 | 3.4 | 3.2 | |
| Clothing and footwear | -0.1 | 0.8 | -0.6 | -1.7 | -1.4 | -0.7 | |
| Housing | 2.9 | 3.6 | 4.4 | 3.8 | 3.6 | 3.4 | |
| Household contents and services | 2.1 | 1.0 | 0.1 | -0.3 | 1.2 | 1.9 | |
| Health | 3.4 | 6.8 | 6.8 | 5.4 | 4.5 | 4.7 | |
| Transportation | 0.2 | 2.4 | 1.0 | 3.4 | 5.9 | 1.6 | |
| Communication | 0.5 | 3.1 | 1.4 | 1.0 | -1.4 | 1.2 | |
| Recreation | 3.3 | 2.6 | -1.4 | 0.5 | 1.0 | 1.3 | |
| Education | 4.5 | 5.0 | 6.3 | 6.9 | 6.1 | 4.5 | |
| Financial and insurance services(b) | . . | . . | . . | . . | . . | 1.8 | |
| |
| . . not applicable |
| (a) Weighted average of the eight capital cities. |
| (b) Introduced as part of the 15th series CPI in Sept 2005. Hence annual percentage change information for this series is available from 2006-07. |
| Consumer Price Index, Australia, June quarter 2007 (cat. no. 6401.0), Time series spreadsheets. |
