Cpi

[JustAMum]

Does anyone know where you find out the CPI increases over the last yearish? etc.

I'm just considering reviewing rents.

 

[Jas]

treasury department and the reserve bank both have them on their sites...

Jas

 

[JustAMum]

Thanks for that.
The reservebank site was interesting.

It also finally got my brain actually having a thought, and I tried www.abs.gov.au, selecting infomation on *Inflation, then *CPI
and found a nice simple table in the middle of the document giving just the CPI figures over time I was after.

Thanks again for responding - I just couldn't initially think where to go.

 

[XBenX]

Description: QUARTERLY CPI PERCENTAGE Extra data screen: S945
No Item Short Desc. Valid General Data
Flag
01 199812 0.6% 1 1998 DECEMBER
02 199903 0.2% 1 1999 MARCH
03 199906 0.5% 1 1999 JUNE
04 199909 -0.1% 1 1999 SEPT
05 199912 0.4% 1 1999 DEC
06 200003 0.9% 1 2000 MAR
07 200006 0.6% 1 2000 JUNE
08 200009 0.9% 1 2000 SEPT
09 200012 0.8% 1 2000 DEC
10 200103 3.7% 1 2001 MAR
11 200106 0.3% 1 2001 JUNE
12 200109 1.1% 1 2001 SEPT
13 200112 0.8% 1 2001 DEC
14 200203 0.3% 1 2002 MAR
01 200206 0.9% 1 2002 JUNE
02 200209 0.9% 1 2002 SEPT
03 200212 0.7% 1 2002 DEC
04 200303 0.7% 1 2003 MAR

Dunno about the last two though, I think they are the projected rates. Also there are many different measures of CPI (remember this because it can make you rent reviews much more fun)

eg CPI excl petrol underlying cpi etc etc - all available from the abs.gov.au website

 

[XBenX]

ive got the rest if you need them .... just ask

 

[ruk]

i found the cpi tables at, ato.gov.au

it gives you every quarter in every year.

very good for calculating capital gain / loss.

 

[Kevmeister]

If you were calculating capital gains tax, would these CPI rates be compounded, or simply added.

For example, if Mar Qtr = 0.5%, Jun Qtr = 0.3%, Sep Qtr = 0.8%, and Dec Qtr = 0.5%. Let's say property bought 1st Jan @ $100K.

At 31st Dec is it worth:

1. $100K + 2.1% = $102100.

OR

1. $100K + 0.5% = 100500 + 0.3% = $100801.50 + 0.8% = $101607.91 + 0.5% = $102115.95

Small difference in this, but compounding over many years would be a *huge* difference.

I assume it's the latter.

 

[ruk]

capital gain / loss calculation;

cpi index figure of the quarter when property SOLD
divided by the cpi figure of the quarter when property PURCHASED
multiplied by the PURCHASE PRICE = NEW CAPITAL VALUE.

price sold + or -- new capital value,
gives you the amount of capital gain or loss.