PRICE INDEXES


CONTENTS

Consumer price index

Wage price index

House price index


CONSUMER PRICE INDEX

The all groups consumer price index (CPI) for Adelaide rose 1.3% in the June quarter 2008 while the weighted average of eight capital cities rose by 1.5% in the quarter. Adelaide's CPI increased by 4.6% through the year to the June quarter 2008, compared with a 4.5% rise in the weighted average of eight capital cities.

Adelaide's largest percentage increases in prices from the previous quarter were in the areas of Transportation (3.7%), Clothing and Footwear (3.6%), and Financial and Insurance Services (3.2%). The largest decreases in prices from the previous quarter were for Food (-0.4%) and Recreation (-0.4%).

WAGE PRICE INDEX

The wage price index for all employee jobs in South Australia increased by 0.6% (in original terms) from the March quarter 2008 to the June quarter 2008. This was less than the increase nationally (0.9%) over this period.

HOUSE PRICE INDEX

Preliminary estimates show that the price index for established houses for Adelaide (in original terms) increased 0.4% in the June quarter 2008. Over this period, the price index for the weighted average of eight capital cities decreased by 0.3%.

Over the year to the June quarter 2008, the preliminary estimates show the price index for established houses for Adelaide rose 16.2%, while the weighted average of eight capital cities increased 8.2%. House prices rose more in Adelaide than in any other capital city over the year to the June quarter 2008.