The Local Government Price Index (LGPI) – a measure of price movements faced by Local Government in South Australia in respect of their purchases of goods and services – has been updated for the June 2012 quarter.
The LGPI rose by 0.2 per cent in the June quarter 2012. In comparison, the Adelaide Consumer Price Index was up 0.3 per cent for the quarter.
Looking at changes over the year, the LGPI rose by 3.2 per cent through the year to the June quarter 2012, compared with a 1.2 per cent increase in the Adelaide Consumer Price Index over this period. Prior to the recent June Quarter, the CPI was quite weak, with the index falling by 0.1 per cent in the December 2011 and March 2012 quarters respectively.
The LGPI annual series has also been updated with this release. The LGPI was 3.7 per cent higher in 2011/12 than in 2010/11. Sub components of the index suggest that price inflation has been stronger for recurrent items than capital spending: the index for the recurrent expenditure LGPI was up 4.1 per cent in 2011/12, while the index for the capital expenditure LGPI was up 2.9 per cent.