RBA reviews the way it measures CPI


In the 16th and latest Series review of the Consumer Price Index the RBA (Reserve Bank of Australia) discuss a shift from a quarterly to a monthly report on inflation and potential changes the basket of goods.

According to the report there is a strong argument for the CPI to be produced on a monthly, rather than quarterly, basis.

Under the current arrangement in Australia, price data for many items are collected in each month of the quarter, but may not be published until as much as three months

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