- A review of the seasonally adjusted series was conducted in the June quarter. The findings from the latest review resulted in no changes to existing seasonal adjustment settings, with 55 out of 87 series remaining seasonally adjusted.
- In May the ABS published the article CPI International Comparisons, which provides analysis of inflation in Australia compared to selected countries and explains how measurement of the CPI differs between countries.
- Monthly inflation data can be found in the Monthly CPI Indicator.
Partial update to the CPI weights next quarter
The CPI weights are typically updated each year in the December quarter. This is to ensure the weights used in the CPI basket reflect contemporary household spending patterns. With the continued increase in Australians holidaying overseas, a partial update of the CPI weights will be implemented in the September 2023 quarter. The partial update will see the weight for International holiday travel increase, with the weight for the other components in the basket adjusted to offset the increase in the weight of International holiday travel. The updated weights will be published as part of the July Monthly CPI indicator release on 30 August 2023.
The comprehensive update to the CPI weights usually done in December quarter each year will be implemented in March quarter 2024 instead. The weights for the quarterly CPI will continue to be updated in March quarters in future years.