Partial update to the CPI weights
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 has been implemented in the September 2023 quarter. The partial update increases the weight for International holiday travel, with the weight for the other components in the basket adjusted to offset the increase in travel weights. The updated weights are available in Data downloads.
The comprehensive update to the CPI weights usually done in December quarter each year will instead be implemented in March 2024 quarter. The weights for the quarterly CPI will continue to be updated in March quarters in future years.