Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Australia
AUSCPIENGQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.48
Year-over-Year Change
6.48%
Date Range
4/1/1971 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Energy in Australia measures the changes in the prices paid by consumers for energy-related goods and services. This metric is crucial for understanding inflationary pressures and consumer spending patterns.
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 for Energy in Australia is a subcomponent of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Energy CPI specifically focuses on energy-related items like electricity, gas, and other fuels, providing insights into the cost of living and energy affordability.
Methodology
The Australian Bureau of Statistics collects price data from a sample of retailers and service providers to calculate the CPI for Energy.
Historical Context
The Energy CPI is closely monitored by policymakers, central banks, and market analysts to assess the broader inflationary environment and consumer behavior.
Key Facts
- Energy accounts for approximately 3.2% of the Australian CPI basket.
- The CPI for Energy reached a record high in 2022 due to global energy market disruptions.
- Rising energy costs can impact household budgets and put pressure on the broader economy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Australia measures the changes in the prices paid by consumers for energy-related goods and services, including electricity, gas, and other fuels.
Q: Why is this trend relevant for users or analysts?
A: The Energy CPI is an important indicator of inflationary pressures and consumer spending patterns, as energy costs can significantly impact household budgets and the broader economy.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects price data from a sample of retailers and service providers to calculate the CPI for Energy.
Q: How is this trend used in economic policy?
A: The Energy CPI is closely monitored by policymakers, central banks, and market analysts to assess the broader inflationary environment and consumer behavior, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The Energy CPI data is published on a regular basis, but there may be occasional delays or limitations due to data collection and processing.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Australia (AUSCPIENGQINMEI), retrieved from FRED.