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Consumer Price Index - June 2012 - Department of Treasury ...

Consumer Price Index - June 2012 - Department of Treasury ...

Consumer Price Index - June 2012 - Department of Treasury

Analysis Perth’s Consumer Price Index (CPI) grew by 0.5% in the June quarter 2012, following a modest 0.2% rise in the March quarter (Chart 1). Over the year, Perth’s CPI rose by 1.1%. In annual average terms, Perth’s CPI grew by 2.2% to June. The main contributors to the rise in Perth’s quarterly CPI were ‘Housing’ (mainly ‘rents’) and ‘Clothing and footwear’ (particularly ‘garments’). Further, following three consecutive detractions from quarterly growth, ‘Food and non-alcoholic beverages’ (particularly ‘fruit’) made a modest contribution to Perth’s CPI growth in June. However, the ‘Recreation and culture’ component (mainly ‘domestic holiday travel and accommodation’) again detracted from growth in the June quarter following a detraction in the March quarter. ‘Communication’ was the only other component to detract from Perth’s overall price growth in the June quarter. Nationally, the CPI recorded 0.5% growth in the June quarter, with price falls and rises broadly similar to those mentioned above. Over the year, Australia’s CPI grew by 1.2% (Chart 2). In annual average terms, Australia’s CPI grew by 2.3% to June. Key Facts Capital cities Consumer Price Index, June 2012 6% 5% 4% 3% 2% 1% 0% QUARTERLY AND ANNUAL INFLATION RATE Perth -1% Jun-02 Jun-04 Jun-06 Jun-08 Jun-10 Jun-12 6% 5% 4% 3% 2% 1% Quarterly ANNUAL INFLATION RATE Perth and All 8 Capitals Annual 0% Jun-02 Jun-04 Jun-06 Jun-08 Jun-10 Jun-12 Perth All 8 capitals Perth's Consumer Price Index increased by 0.5% over the quarter and rose by 1.1% through the year to June 2012. Nationally, the Consumer Price Index rose by 0.5% over the quarter and increased by 1.2% in the four quarters to June 2012. Over the year to June, the largest increase in Consumer Price Index by city was 1.6%, in Darwin. The smallest increase was 0.8%, in Hobart. INFLATION RATES BY CATEGORY June 2012 All 8 Capitals Perth % Change Over: % Change Over: Year Quarter Year Quarter Food/non-alcoholic beverages -3.2% 0.6% -3.4% 0.6% Alcohol/tobacco 3.8% 1.0% 4.1% 0.7% Clothing/footwear 0.6% 1.5% 0.3% 4.9% Housing 3.4% 0.4% 4.3% 1.0% Furnishings/household contents 0.7% 1.5% 0.6% 1.1% Health 3.6% 1.5% 3.5% 1.4% Transportation 2.1% 0.9% 0.6% 0.3% Communication 0.9% -0.3% 0.9% -0.3% Recreation/culture -1.6% -1.3% -1.8% -2.1% Education 6.1% 0.0% 6.8% 0.0% Finance/insurance 2.9% 0.5% 3.5% 0.5% All groups 1.2% 0.5% 1.1% 0.5% INFLATION RATES BY CITY June 2012 % Change Over: 1 Year Quarter Sydney 1.3% 0.6% Melbourne 1.2% 0.5% Brisbane 0.9% 0.6% Adelaide 1.2% 0.3% Perth 1.1% 0.5% Hobart 0.8% -0.4% Darwin 1.6% 0.9% Canberra 1.2% 0.6% All 8 capitals 1.2% 0.5% Data sourced from Australian Bureau of Statistics Cat. 6401.0 Consumer Price Index, Australia Department of Treasury, 140 William Street, Perth WA 6000. Tel: (08) 6551 2728; Fax: (08) 9481 0652

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