6401.0 - Consumer Price Index, Australia, Jun 2011 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/07/2011
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JUNE KEY POINTS
THE ALL GROUPS CPI
OVERVIEW OF CPI MOVEMENTS
CHANGES IN THIS ISSUE
This issue incorporates a number of amendments to historical series in the international comparisons Tables 11 and 12 where errors had been made in the process of re-referencing all series to a common index base. The index numbers and movements included in these tables are derived from internationally comparable indexes and re-referenced to a base of 1989-90 = 100.0. Please see paragraphs 16 - 18 in the explanatory notes for more information on these tables.
INTRODUCTION OF THE 16TH SERIES CPI - SEPTEMBER QUARTER 2011 ISSUE
The 16th series CPI will be introduced from the September quarter 2011. This will include a new commodity classification and expenditure weights from the 2009-10 Household Expenditure survey. See the section Changes to the CPI from September Quarter 2011 for more details on these and other changes.
IMPACT OF THE FLOODS AND CYCLONE YASI
Extensive flooding began in late December 2010 in Queensland, and intensified in both Queensland and other states in January 2011. In early February 2011, Severe Tropical Cyclone Yasi crossed the north Queensland coast. Gale force winds, flooding rain and storm surges caused significant damage to areas in the storm's path.
On a quarter to quarter basis the prices of items can be impacted by a number of factors including exchange rates, supply constraints, specialling and seasonal patterns. The impact of events like the Queensland floods and Cyclone Yasi cannot be readily quantified. ABS price index compilation methodologies and quality assurance processes have ensured that any impact of the floods and cyclone on consumer prices is reflected in the data included in this publication.
Any discrepancies between totals and sums of components in this publication are due to rounding.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
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