Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Australia
AUSCP040500IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.01
Year-over-Year Change
12.22%
Date Range
7/1/1989 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Electricity, Gas and Other Fuels in Australia tracks changes in the prices paid by consumers for these essential utilities.
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
This CPI series is a key measure of inflation in the energy and utilities sector, which has a significant impact on household budgets and broader economic conditions.
Methodology
The data is collected through a survey of prices across a representative sample of retail outlets.
Historical Context
This index is closely monitored by policymakers and analysts to gauge inflationary pressures and inform economic and energy policy decisions.
Key Facts
- This CPI sub-index accounts for around 3% of the total Australian CPI basket.
- Electricity and gas prices have a major influence on household budgets and cost of living.
- Utility prices are a key driver of overall consumer price inflation in Australia.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid by Australian consumers for electricity, gas, and other household fuels.
Q: Why is this trend relevant for users or analysts?
A: This CPI sub-index is an important indicator of inflationary pressures in the utilities sector, which has a significant impact on household budgets and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices for a representative basket of electricity, gas, and other household fuel products.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to assess inflationary risks and inform decisions on energy policy, utility regulation, and broader economic management.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis with a short lag, providing timely insights into consumer utility price trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Australia (AUSCP040500IXOBQ), retrieved from FRED.