C.P.I

Research and Findings By Brandon Henley-Smith

Australia’s Consumer Price

Index

What Makes up the C.P.I. ?

The C.P.I is made up of common purchased items by consumers.

Education Alcohol and Tobacco Clothing and Footwear Communication

Food and Beverages Furniture Health Insurance

Housing Transportation Culture

How often is C.P.I Reviewed ?

The C.P.I is reviewed four times a year

Reviewed in March (Q1), June (Q2), September (Q3) and December (Q4)

Is C.P.I Reliable ?

For Urban customers CPI is convenient and keeps up to date with prices however isn’t the same for rural customers.

Being Measured four time a year can prove great accuracy when measured but can be inaccurate at the end of quarters.

Different ways of Measuring Inflation

Produce Price Index is another method the RBA use to measure inflation.

P.P.I is measured by the amount of money producers earn from their products.

How Is CPI data gathered ?

Trained staff from all the states of Australia gather their Data from common retail

stores, producers and Goods and

Services companies.

Living Expenses of Australia Cities

CITY 2011 WORLD RANKING

COUNTRY RANKING

WORLD RANKING

Syndey 14 1 11

Melbourne 21 2 15

Perth 30 3 19

Canberra 34 4 23

Brisbane 31 5 24

Sources

http://www.abs.gov.au/AUSSTATS/abs@.nsf/DSSbyCollectionid/1E564CACF4CBEC32CA256ED8007EF06E?opendocument

http://www.etfguide.com/commentary/770/How-Reliable-is-the-CPI?/

http://betaworks.abs.gov.au/betaworks/betaworks.nsf/projects/d3_treemap/frame.htm

http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=Consumer+Price+Index

http://www.abs.gov.au/websitedbs/webfaq.nsf/home/consumer+price+index+faqs#Anchor12

http://www.mercer.com/press-releases/cost-of-living-rankings#City_rankings

http://fxtrade.oanda.com/analysis/economic-indicators/australia/indices/ppi