Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Australia
AUSCP120000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.79
Year-over-Year Change
40.28%
Date Range
7/1/2012 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Australia measures changes in the prices of a variety of consumer items not covered in other CPI components. This index is a key economic indicator used to assess inflation and cost-of-living trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Miscellaneous Goods and Services CPI for Australia is one component of the overall Consumer Price Index, which tracks changes in the prices paid by consumers for a basket of common goods and services. This particular index focuses on a diverse range of items such as personal care products, insurance, and financial services.
Methodology
The Australian Bureau of Statistics collects price data from a sample of businesses and households to calculate the Miscellaneous Goods and Services CPI.
Historical Context
Policymakers and analysts use this index to understand broader inflationary pressures and the impact on Australian consumers.
Key Facts
- The Miscellaneous Goods and Services CPI accounts for around 8% of the total Australian CPI basket.
- This index has shown relatively stable growth in recent years compared to other CPI components.
- The index is published monthly by the Australian Bureau of Statistics.
FAQs
Q: What does this economic trend measure?
A: The Miscellaneous Goods and Services CPI measures changes in the prices of a diverse range of consumer items not covered in other CPI components, such as personal care products, insurance, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This index is an important component of the overall Australian Consumer Price Index, which is a key economic indicator used to assess broader inflationary pressures and the impact on consumers.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects price data from a sample of businesses and households to calculate the Miscellaneous Goods and Services CPI.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index, along with other CPI components, to understand cost-of-living trends and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Miscellaneous Goods and Services CPI is published monthly by the Australian Bureau of Statistics with a relatively short time lag.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Australia (AUSCP120000GYQ), retrieved from FRED.