Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Australia
AUSCPGRSE01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.19
Year-over-Year Change
14.71%
Date Range
7/1/1974 - 1/1/2025
Summary
The Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Australia measures changes in the prices of services consumed by Australian households over time.
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 price movements of a broad basket of services including housing, utilities, transportation, education, recreation, and other services. It is a key indicator of inflation and cost of living trends in the Australian economy.
Methodology
The Australian Bureau of Statistics collects price data from a sample of service providers to calculate this index.
Historical Context
Policymakers and analysts use this CPI services index to monitor and manage inflationary pressures in the Australian economy.
Key Facts
- Australia's CPI services index has a base year of 2016.
- The index is published monthly by the Australian Bureau of Statistics.
- Services account for around 60% of the total Australian CPI basket.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of a broad basket of services consumed by Australian households, including housing, utilities, transportation, education, and recreation.
Q: Why is this trend relevant for users or analysts?
A: The CPI services index is a key indicator of inflationary pressures and the cost of living in the Australian economy, which is important for policymakers, consumers, and businesses.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects price data from a sample of service providers across the country to calculate this index.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this CPI services index closely to assess inflationary trends and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI services index is published monthly by the Australian Bureau of Statistics with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Australia (AUSCPGRSE01IXOBQ), retrieved from FRED.