Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Australia
AUSCPGRHO02IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.12
Year-over-Year Change
12.24%
Date Range
7/1/1980 - 7/1/2023
Summary
The Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Australia measures changes in the prices of housing-related goods and services in Australia, excluding the cost of owner-occupied housing. This metric provides valuable insights into a key component of the Australian consumer basket.
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 series tracks price fluctuations in various housing-related expenditures in Australia, such as rents, utilities, and maintenance costs. It is an important indicator for policymakers and economists assessing inflationary pressures and the overall cost of living for Australian households.
Methodology
The data is collected through surveys of consumers and businesses by the Australian Bureau of Statistics.
Historical Context
This index is used by the Reserve Bank of Australia and other institutions to inform monetary policy decisions and economic analysis.
Key Facts
- Australia's housing costs account for a significant portion of household expenditures.
- The housing component excludes imputed rents for owner-occupied housing.
- This index is a key input for the Reserve Bank of Australia's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of housing-related goods and services in Australia, excluding the cost of owner-occupied housing.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into a key component of the Australian consumer basket, helping policymakers and economists assess inflationary pressures and the overall cost of living for Australian households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This index is used by the Reserve Bank of Australia and other institutions to inform monetary policy decisions and economic analysis.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological practices 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 (AUSCPGRHO02IXNBQ), retrieved from FRED.