❓ Dr. Steve Thomas questions the impact of the McGowan government's electricity credit on Perth's CPI. The Treasurer's response highlights the significant decrease in electricity prices and the overall CPI, even when excluding electricity.
AnsweredQoN 1032Legislative Council
QuestionView source ↗
CONSUMER PRICE INDEX — ELECTRICITY SUBINDEX
1032. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
I refer to today's consumer
price index release from the Australian Bureau of Statistics that shows that
Perth's CPI has increased six per cent year on year to the September
quarter.
(1) What impact
has the household electricity credit had on the electricity subindex for Perth's
CPI figures?
(2) If the
electricity subindex was excluded from the September quarters figures, as per
the CPI figure contained in the Annual report on state finances , what
would the revised CPI rate for Perth be?
1032. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
I refer to today's consumer
price index release from the Australian Bureau of Statistics that shows that
Perth's CPI has increased six per cent year on year to the September
quarter.
(1) What impact
has the household electricity credit had on the electricity subindex for Perth's
CPI figures?
(2) If the
electricity subindex was excluded from the September quarters figures, as per
the CPI figure contained in the Annual report on state finances , what
would the revised CPI rate for Perth be?
AnswerView source ↗
I thank the Leader of the Opposition
for some notice of the question. The following answer is provided on behalf of
the Treasurer.
(1) Electricity
prices fell by 84.3 per cent in Perth for the September 2022 quarter, due to
the $400 household electricity credit
provided by the McGowan government. I note that the Leader of the Liberal Party
labelled the household electricity credit a ''bribe'' and
a ''sugar hit''.
(2) In the
September 2022 quarter, Perth's consumer price index decreased by 0.5 per
cent—the only capital city in the country to record a decline. If
electricity were excluded, Perth's CPI would be 1.7 per cent—still
the lowest of all capital cities and below the national average.
for some notice of the question. The following answer is provided on behalf of
the Treasurer.
(1) Electricity
prices fell by 84.3 per cent in Perth for the September 2022 quarter, due to
the $400 household electricity credit
provided by the McGowan government. I note that the Leader of the Liberal Party
labelled the household electricity credit a ''bribe'' and
a ''sugar hit''.
(2) In the
September 2022 quarter, Perth's consumer price index decreased by 0.5 per
cent—the only capital city in the country to record a decline. If
electricity were excluded, Perth's CPI would be 1.7 per cent—still
the lowest of all capital cities and below the national average.
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