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Adelaide's largest percentage increases in prices from the previous quarter were for Food (1.5%) and Recreation (1.1%). The largest decreases in prices from the previous quarter were for Clothing and footwear (3.4%) and Household contents and services (1.5%).
WAGE PRICE INDEX
The wage price index for all employee jobs in South Australia increased by 1.2% (in original terms) between the June and September quarters 2010. This was slightly lower than the national increase of 1.4% over the same period.
WAGE PRICE INDEX QUARTERLY CHANGES, Total hourly rates of pay excluding bonuses - Original: South Australia
HOUSE PRICE INDEX
Preliminary estimates show the price index for established houses for Adelaide (in original terms) has risen by 1.1% in the December quarter 2010, following a fall of 0.9% in the previous quarter. Price rises were recorded in all other capital cities with the exception of Perth. Canberra (1.9%), Sydney (1.6%) and Melbourne (1.3%) recorded the largest price index increases. A fall of 3.2% in Perth moderated all other price index rises, resulting in an increase in the price index for established houses for the weighted average of the eight capital cities of 0.7% in the December quarter 2010.
In the 12 months to the December quarter 2010, preliminary estimates show the price index for established houses for Adelaide rose 3.5%, while the weighted average of the eight capital cities increased 5.8%. Melbourne (10.8%), Sydney (7.4%) and Canberra (6.5%) recorded the largest increases whilst Perth recorded the only decrease (2.0%) of all the capital cities.
*IMPACT OF THE FLOODS
Flooding in Queensland began in late December 2010. It is expected that the first significant economic impact of this and floods in other states will be reflected in the March quarter 2011 releasse of Consumer Price Index, Australia (cat. no. 6401.0) and House Price Indexes: Eight Capital Cities (cat. no. 6416.0). Price collection for the December quarter 2010 was not affected by the floods.
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