6461.0 - Consumer Price Index: Concepts, Sources and Methods, 2016

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 21/02/2017

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Introduction Purposes and uses of consumer price indexes Historical background Price index theory Coverage and classifications Weights and their sources Sampling Price collection Quality change and new products Consumer price index calculation in practice Maintaining the relevance of the consumer price index Re-referencing and linking price indexes Outputs and dissemination The system of price statistics Use of Transactions data in the Australian CPI About this Release	A comprehensive description of the Australian Consumer Price Index (CPI): what the index measures, the goods and services included in it, where the information on prices comes from, how the index is calculated, and how the statistics can be used. It also provides some insight into the kinds of problems the ABS encounters in compiling the CPI and explains how these are dealt with. This release provides an update on the data sources and methods used to compile the CPI, including a chapter on the use of transactions data. Document Selection These documents will be presented in a new window.