Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Australia
Index 2015=100, Annual
AUSCPIENGAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.40
Year-over-Year Change
36.33%
Date Range
1/1/1972 - 1/1/2024
Summary
The 'Index 2015=100, Annual' trend measures changes in the annual average consumer price index for Australia. This metric is crucial for economists and policymakers to assess inflationary pressures and cost-of-living changes.
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 annual consumer price index (CPI) series tracks the average change in prices for a basket of consumer goods and services in Australia, with 2015 as the base year. It is a key indicator of inflation and cost-of-living trends that informs monetary policy decisions.
Methodology
The Australian Bureau of Statistics collects price data from households and businesses to calculate this annual CPI index.
Historical Context
Central banks and economic analysts monitor CPI trends to guide policies that promote price stability and economic growth.
Key Facts
- Australia's annual CPI rose 6.1% in 2022.
- The CPI index reached 112.4 in 2022, up from 100 in 2015.
- High inflation has eroded consumer purchasing power in Australia.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Annual' trend measures changes in the average consumer price index for Australia on an annual basis, with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This CPI index is a crucial indicator of inflation and cost-of-living changes in Australia, informing monetary policy decisions by the central bank and economic analysis.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects price data from households and businesses to calculate this annual consumer price index.
Q: How is this trend used in economic policy?
A: Central banks and economic analysts monitor CPI trends to guide policies that promote price stability and support economic growth.
Q: Are there update delays or limitations?
A: The annual CPI data has a short publication delay, typically released a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (AUSCPIENGAINMEI), retrieved from FRED.