Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Australia
CPGRLE01AUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.55
Year-over-Year Change
105.80%
Date Range
1/1/1972 - 1/1/2022
Summary
The Consumer Price Index (CPI) for OECD Groups: All Items Non-Food Non-Energy in Australia measures changes in the prices of goods and services excluding food and energy. It is a key indicator of underlying inflation trends in the Australian economy.
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 OECD Groups: All Items Non-Food Non-Energy in Australia is a subindex of the broader CPI that excludes volatile food and energy prices. It provides a more stable measure of underlying inflationary pressures, which is useful for policymakers and analysts monitoring economic conditions.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Australian Bureau of Statistics.
Historical Context
This CPI measure is closely watched by the Reserve Bank of Australia and other policymakers to assess the need for monetary policy adjustments.
Key Facts
- The base year for this CPI measure is 2015 = 100.
- It excludes food and energy, which tend to have higher price volatility.
- The Reserve Bank of Australia targets an inflation rate of 2-3% per year.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for OECD Groups: All Items Non-Food Non-Energy in Australia measures changes in the prices of goods and services excluding food and energy.
Q: Why is this trend relevant for users or analysts?
A: This CPI measure provides a more stable indicator of underlying inflation trends, which is useful for policymakers and analysts monitoring economic conditions in Australia.
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: This CPI measure is closely watched by the Reserve Bank of Australia and other policymakers to assess the need for monetary policy adjustments.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions by the Australian Bureau of Statistics.
Related Trends
Bank Deposits to GDP for Australia
DDOI02AUA156NWDB
National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Australia
NAEXCP06AUQ189S
Broad Money, Alternate Definition 1 for Australia
BDMYA1AUM189S
Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Australia
LFEAICTTAUA647N
Leading Indicators OECD: Component Series: Business Tendencies Survey: Production: Normalised for Australia
AUSLOCOBPNOSTSAM
Prices: Consumer Price Index for Australia
AUSPCPIPCPPPT
Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Australia (CPGRLE01AUA657N), retrieved from FRED.