The March quarter 2014 results for the Local Government Price Index (LGPI) have been released today. The LGPI provides a measure of price movements faced by Local Government in South Australia in respect of their purchases of goods and services.
The LGPI rose by 0.7 per cent in the March quarter 2014. In comparison, the Adelaide Consumer Price Index also rose by 0.7 per cent in the recent March quarter.
In terms of changes over the past year, the LGPI in the March quarter 2014 was up 2.5 per cent compared to the March quarter 2013, whereas the Adelaide CPI rose by 2.9 per cent over this period. Looking at price movements for the current financial year based on data available to date, the average LGPI for the first three quarters of 2013/14 was up 2.3 per cent compared to the corresponding 3 quarters in 2012/13. In comparison, the Adelaide CPI rose by 2.4 per cent between these periods.