Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Australia
CPGREN01AUA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.06
Year-over-Year Change
-141.24%
Date Range
1/1/1972 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Energy in Australia measures the changes in prices of energy-related goods and services, which are crucial for understanding consumer inflation and cost-of-living dynamics.
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 key economic indicator that tracks the price changes of fuels, electricity, and other energy-related items purchased by households. It is an important input for policymakers and analysts in assessing the overall inflationary pressures and the impacts on consumer budgets.
Methodology
The Australian Bureau of Statistics collects price data from a sample of retail outlets and service providers to calculate the CPI for Energy on a monthly basis.
Historical Context
The CPI for Energy is widely used by the Reserve Bank of Australia and other institutions to guide monetary policy and economic forecasting.
Key Facts
- The CPI for Energy in Australia has a base year of 2011-12.
- Energy costs account for approximately 4% of the total CPI basket in Australia.
- Electricity and automotive fuel are the two largest components of the CPI for Energy.
FAQs
Q: What does this economic trend measure?
A: The CPI for Energy in Australia measures the changes in prices of energy-related goods and services purchased by households, including fuels, electricity, and other energy items.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Energy is a crucial indicator for understanding consumer inflation and the impact of energy costs on household budgets, which is important for policymakers and economists in assessing the overall economic conditions.
Q: How is this data collected or calculated?
A: The Australian Bureau of Statistics collects price data from a sample of retail outlets and service providers to calculate the CPI for Energy on a monthly basis.
Q: How is this trend used in economic policy?
A: The CPI for Energy is widely used by the Reserve Bank of Australia and other institutions to guide monetary policy and economic forecasting, as energy costs are a significant component of consumer expenditure.
Q: Are there update delays or limitations?
A: The CPI for Energy in Australia is published on a monthly basis, with a typical release lag of around two weeks.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Male: 15 Years or over for Australia
LFWATTMAAUA647N
Nominal Private Sector Final Consumption Expenditure for Australia
NCPXDCAUA
Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Australia
AUSFCBODCANUM
Leading Indicators OECD: Component Series: Terms of Trade: Normalised for Australia
AUSLOCOTTNOSTSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Australia
AUSCPIENGQINMEI
Infra-Annual Labor Statistics: Unemployment Rate Female: From 15 to 24 Years for Australia
LRUN24FEAUM156S
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Australia (CPGREN01AUA659N), retrieved from FRED.