New monthly Australian CPI figures.
The Australian Bureau of Statistics is going to release a new monthly CPI Indicator. This is an addition to the current quarterly CPI Inflation Figures.
Australian Statistician Dr David Gruen AO said “This new monthly CPI Indicator will provide a timelier guide to inflation in Australia.”
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.
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.
Source: www.abs.gov.au