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.