Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Australia
AUSCPGRHO02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.84
Year-over-Year Change
-3597.54%
Date Range
10/1/1980 - 7/1/2023
Summary
The Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Australia measures the change in housing costs for Australian consumers, excluding imputed rental values. This metric is crucial for economists and policymakers in understanding 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
This index tracks the prices of various housing components in Australia, such as rents, utilities, and maintenance, but excludes the imputed value of owner-occupied housing. It provides insights into the underlying drivers of housing costs that impact consumer spending and broader economic conditions.
Methodology
The data is collected through surveys of Australian households and businesses by the Australian Bureau of Statistics.
Historical Context
Policymakers and analysts use this index to inform decisions on monetary policy, housing market interventions, and cost-of-living adjustments.
Key Facts
- The index is based on 2015 as the base year.
- Housing costs account for a significant portion of the Australian consumer price index.
- Excluding imputed rentals provides a more accurate measure of housing-related inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the change in housing costs for Australian consumers, excluding the imputed value of owner-occupied housing.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding inflation and cost-of-living trends in Australia, as housing is a significant component of consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Australian households and businesses by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to inform decisions on monetary policy, housing market interventions, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological changes of the Australian Bureau of Statistics.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Australia (AUSCPGRHO02GPQ), retrieved from FRED.