6401.0 - Consumer Price Index, Australia, Dec 2019 Quality Declaration
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 29/01/2020
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December Key Statistics
Overview of CPI movements
All Groups CPI, Quarterly change
Contribution to quarterly change
Changes in this and future releases
This issue includes the introduction of updated weighting patterns using 2017-18 Household Final Consumption Expenditure data available from the Australian System of National Accounts (cat. no. 5204.0). For more details on these changes and the updated weighting patterns, refer to Information Paper: Introduction of the Consumer Price Index Weight Update, 2019 (cat. no. 6470.0.55.002). The information paper also contains a feature article on Quality Change in the Australian CPI.
The CPI Annual Seasonal Re-analysis (ASR) was conducted in the December quarter 2019. The ASR assesses the CPI seasonal patterns in more detail than is possible in the quarterly processing cycle. The outcomes of the ASR are provided in the Appendix to this issue.
Changes to the seasonally adjusted CPI series do not affect the original CPI series.
For more information about seasonal adjustment, see Explanatory notes.
Use of Price Indexes in Contracts
Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).
Use of Price Indexes in Contracts that sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.
Frequently Asked Questions
The Frequently Asked Questions page that has answers to a number of common questions to do with price indexes and the Consumer Price Index, in particular.
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