Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Australia
AUSCPICORQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.07
Year-over-Year Change
13.94%
Date Range
4/1/1971 - 1/1/2025
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy measures price changes for Australian consumer goods and services, excluding volatile food and energy items. This core inflation indicator provides insight into underlying inflationary pressures.
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 All Items Non-Food Non-Energy series tracks the change in prices for a broad basket of consumer goods and services in Australia, excluding the more volatile food and energy components. This core CPI measure is used by policymakers and analysts to assess fundamental inflationary trends and underlying economic conditions.
Methodology
The Australian Bureau of Statistics collects price data from households and businesses to calculate this index.
Historical Context
Policymakers and central banks monitor core CPI to help guide monetary policy and maintain price stability.
Key Facts
- The CPI All Items Non-Food Non-Energy is a key indicator of underlying inflation in Australia.
- This index excludes volatile food and energy prices to provide a more stable measure of consumer price trends.
- Policymakers closely monitor the core CPI to assess the need for adjustments to monetary policy.
FAQs
Q: What does this economic trend measure?
A: The CPI All Items Non-Food Non-Energy measures changes in the prices of a broad basket of consumer goods and services in Australia, excluding volatile food and energy components.
Q: Why is this trend relevant for users or analysts?
A: This core inflation indicator provides insight into underlying price pressures, helping policymakers and analysts assess the fundamental state of the Australian economy.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects price data from households and businesses to calculate this index.
Q: How is this trend used in economic policy?
A: Central banks and policymakers monitor the core CPI to help guide monetary policy decisions and maintain price stability.
Q: Are there update delays or limitations?
A: The CPI All Items Non-Food Non-Energy data is published monthly with minimal delays, providing timely insights into underlying inflationary pressures.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Australia (AUSCPICORQINMEI), retrieved from FRED.