Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Australia
AUSCP030000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.01
Year-over-Year Change
-99.49%
Date Range
7/1/2012 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Australia measures the change in retail prices of a basket of consumer goods related to apparel and footwear. This is a key economic indicator for tracking consumer inflation and the purchasing power of consumers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Clothing and Footwear CPI is one of the major expenditure categories in the Australian Consumer Price Index. It reflects price changes for a wide range of clothing and footwear items purchased by Australian households. This indicator is closely monitored by policymakers and economists to assess consumer spending trends and inflationary pressures.
Methodology
The data is collected through regular surveys of retail establishments and weighted according to household expenditure patterns.
Historical Context
The Clothing and Footwear CPI is used to inform monetary policy decisions and provide insight into consumer demand and spending behavior.
Key Facts
- The Clothing and Footwear CPI is a subcomponent of the overall Australian CPI.
- Clothing and footwear account for approximately 4% of the total Australian household consumption basket.
- The CPI data is released monthly by the Australian Bureau of Statistics.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI measures the change in retail prices for a basket of consumer goods related to apparel and footwear in Australia.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely monitored by policymakers and economists to assess consumer spending trends and inflationary pressures within the Australian economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and weighted according to household expenditure patterns.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI is used to inform monetary policy decisions and provide insight into consumer demand and spending behavior.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Australian Bureau of Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Australia (AUSCP030000GYQ), retrieved from FRED.