Prices: Consumer Price Index for Australia
AUSPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.47
Year-over-Year Change
18.04%
Date Range
1/1/1990 - 1/1/2029
Summary
The Consumer Price Index (CPI) for Australia measures the changes in the prices of a basket of consumer goods and services over time. It is a key indicator of inflation and overall economic conditions.
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 Australia is a widely-used measure of inflation, tracking the changes in the prices that consumers pay for a representative basket of goods and services. It is an important economic indicator that provides insights into the cost of living, consumer spending patterns, and the overall state of the economy.
Methodology
The Australian Bureau of Statistics collects and compiles the CPI data through surveys of households and businesses.
Historical Context
The CPI is closely monitored by the Reserve Bank of Australia, which uses it to inform monetary policy decisions and manage inflation targets.
Key Facts
- The CPI for Australia has a base year of 2011-12.
- The CPI basket contains over 1,000 goods and services.
- The CPI is published quarterly by the Australian Bureau of Statistics.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Australia measures the changes in the prices of a basket of consumer goods and services over time, providing a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a widely-used measure of inflation that provides insights into the cost of living, consumer spending patterns, and the overall state of the Australian economy, making it relevant for policymakers, businesses, and the general public.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects and compiles the CPI data through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the Reserve Bank of Australia, which uses it to inform monetary policy decisions and manage inflation targets.
Q: Are there update delays or limitations?
A: The CPI for Australia is published quarterly by the Australian Bureau of Statistics, with a typical release delay of around one month.
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Citation
U.S. Federal Reserve, Prices: Consumer Price Index for Australia (AUSPCPIPCPPPT), retrieved from FRED.