Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Australia
AUSCPICORAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.02
Year-over-Year Change
37.79%
Date Range
1/1/1972 - 1/1/2024
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Australia measures changes in the prices of consumer goods and services, excluding food and energy, providing insights into underlying inflationary pressures.
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 CPI for All Items Non-Food Non-Energy is a key economic indicator used to track inflation in Australia. It excludes volatile food and energy prices to better reflect the core inflationary trends that can inform policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Australian Bureau of Statistics.
Historical Context
This index is closely monitored by the Reserve Bank of Australia in setting monetary policy.
Key Facts
- The base year for the index is 2018 = 100.
- The index excludes volatile food and energy prices.
- The index is published monthly by the Australian Bureau of Statistics.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Australia measures changes in the prices of consumer goods and services, excluding food and energy, providing insights into underlying inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This index is a key economic indicator used to track core inflation in Australia, which is important for policymakers and analysts to assess the broader inflationary environment and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: The CPI for All Items Non-Food Non-Energy is closely monitored by the Reserve Bank of Australia in setting monetary policy to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The 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: All Items Non-Food Non-Energy for Australia (AUSCPICORAINMEI), retrieved from FRED.