![]() The reasons for these cost increases are diverse. 6401.0, ABS, Canberra, 2019, Table 7 Parliamentary Library estimates. Other services in respect of motor vehicles Table 1: highest percentage increases in prices over ten years, 2009 to 2019 Expenditure class However, as outlined in Table 2, many of these items do not represent a significant proportion of expenditure in the basket of goods and services measured by the CPI. Table 1 ranks the ten highest percentage increases in prices by expenditure class over the last ten years. However, looking at specific expenditure classes within this rate, certain items have increased more rapidly. Over the last ten years (March 2009 to March 2019) the overall inflation rate, measured by the CPI, has increased 23.4 per cent. Mortgage interest charges are impacted by the level of housing debt and mortgage interest rates. The Selected Living Cost Indexes attempt to capture the changes in housing costs through changes in rents and mortgage interest charges. These are only available at an Australia-wide level. Selected Living Cost Indexes-these measure the impact changes in prices have on expenditure on goods and services for a range of different household types (employees, age pensioners, other government transfer recipients and self-funded retiree households), determined with reference to their actual spending patterns.The CPI does not include the cost of purchasing established dwellings, although it does include rents and new dwelling purchases excluding the value of the land. As such, it does not measure price changes in regional, rural or remote areas, and cannot be used to compare differences between capital cities and regions. Notably, it is calculated using price changes within capital cities. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |