Track the AU Monthly CPI Indicator for timely insights into Australian consumer price inflation trends.
The Monthly Consumer Price Index (CPI) Indicator was introduced by the Australian Bureau of Statistics in 2022 to provide more frequent insights into price changes. It measures the monthly change in prices paid by consumers for a representative basket of goods and services, complementing the traditional quarterly CPI release.
What it Measures
Change in the price of goods and services purchased by consumers on a monthly basis.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically has a positive effect on the currency.
Source & Frequency
Australian Bureau of Statistics (latest release) - https://www.abs.gov.au/ • Released monthly, about 4 weeks after the month ends.
How Data is Derived
Weighted average price change of selected goods and services in the CPI basket that are available on a monthly basis
Also Known As
Monthly CPI Indicator
Acronym
Consumer Price Index (CPI)