What is a CPI in Australia?

A. A CPI is a measure of the average change over time in the prices paid by households for a fixed basket of goods and services. In Australia, the CPI measures the changes in the price of a fixed basket of goods and services, acquired by household consumers who are resident in the eight State/Territory capital cities.

What is the use of transactions data in the Australian CPI?

For further information on the use of transactions data in the CPI, refer to Consumer Price Index: Concepts, Sources and Methods (cat. no. 6461.0), Chapter 15 "Use of transactions data in the Australian CPI". Prices are collected in the same kinds of retail outlets, and other places, where consumers purchase their goods and services.

Where can I find the latest CPI data?

The latest CPI data is available in Consumer Price Index, Australia (cat. no. 6401.0). Q. Can I compare price levels using price indexes? A. No. Price indexes, such as the CPI are series constructed specifically to measure changes in prices over time.

What is the all groups CPI?

The All Groups CPI measures the change in price of the entire CPI basket including any price shocks up or down (e.g. price spikes caused by supply constraints or a change in government subsidies or taxes). The Trimmed mean and Weighted median series are part of the suite of analytical measures of the CPI.