Consumer Price Index: OECD Groups: Housing: Total for Australia
AUSCPGRHO01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.82
Year-over-Year Change
-2902.90%
Date Range
4/1/1996 - 7/1/2023
Summary
The Consumer Price Index: OECD Groups: Housing: Total for Australia measures changes in the prices of housing-related goods and services in Australia. This metric is closely monitored by economists and policymakers to assess inflationary pressures and the overall cost of living.
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 Consumer Price Index (CPI) is a widely used indicator of inflation, tracking the average change in prices paid by consumers for a basket of common goods and services. The OECD Groups: Housing component specifically measures prices related to housing, such as rent, utilities, and household maintenance.
Methodology
The Australian Bureau of Statistics collects and calculates this data based on a survey of consumer expenditures.
Historical Context
The Housing CPI is a key input for the Reserve Bank of Australia's monetary policy decisions and consumer confidence assessments.
Key Facts
- Australia's Housing CPI has risen by 15% over the past 5 years.
- Housing accounts for nearly a quarter of the total CPI basket in Australia.
- The Housing CPI is a leading indicator of broader inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: Housing: Total for Australia measures changes in the prices of housing-related goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: The Housing CPI is a key input for assessing broader inflationary pressures and the overall cost of living in Australia, making it highly relevant for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects and calculates this data based on a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Housing CPI is a key input for the Reserve Bank of Australia's monetary policy decisions and consumer confidence assessments.
Q: Are there update delays or limitations?
A: The Housing CPI data is published on a monthly basis with a short delay, providing timely information to analysts and policymakers.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Housing: Total for Australia (AUSCPGRHO01GPQ), retrieved from FRED.