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ABS To Release New Monthly CPI

AUSTRALIA DATA

The Australian Bureau of Statistics (ABS) will release an Information Paper outlining the new monthly Consumer Price Index (CPI) Indicator on Tuesday 16th August (see this link for more details).

  • The Information Paper will include the design of the monthly CPI Indicator, research findings and monthly data from 2018 to June 2022.
  • One important point of distinction with the monthly Indicator is that, while it will include prices for all the items in the CPI basket, not all these prices will be updated each month according to the ABS. The quarterly CPI will continue to be Australia’s key measure of inflation with the new monthly Indicator an aide to this, providing quicker insights.
  • The ABS intends to publish the first standalone monthly CPI Indicator publication in October, alongside the regular quarterly CPI release. This is currently scheduled for the 26th of October.

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