Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Australia
AUSCP040100GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.16
Year-over-Year Change
-1298.50%
Date Range
10/1/1972 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Australia measures changes in the cost of essential household expenses. This metric is a key indicator of inflation and consumer purchasing power.
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 CPI Housing component tracks the prices of actual rentals for housing, a significant portion of most household budgets. Economists and policymakers monitor this index to assess inflationary pressures and determine appropriate monetary and fiscal policies.
Methodology
The Australian Bureau of Statistics collects price data through surveys of consumers and businesses to calculate the CPI Housing index.
Historical Context
The CPI Housing index is used to inform decisions on interest rates, government subsidies, and other economic interventions.
Key Facts
- The CPI Housing index has a base year of 2018.
- Housing costs account for over 20% of the total CPI basket in Australia.
- The CPI Housing index reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The CPI Housing index measures changes in the prices of actual rentals for housing in Australia, a key component of the overall Consumer Price Index.
Q: Why is this trend relevant for users or analysts?
A: The CPI Housing index is a critical indicator of inflationary pressures and consumer purchasing power, informing economic policy decisions.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects price data through consumer and business surveys to calculate the CPI Housing index.
Q: How is this trend used in economic policy?
A: The CPI Housing index is used by policymakers and analysts to inform decisions on interest rates, government subsidies, and other economic interventions.
Q: Are there update delays or limitations?
A: The CPI Housing index is published quarterly with a short lag, providing timely data for economic analysis.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Australia (AUSCP040100GPQ), retrieved from FRED.