Monthly Consumer Price Index Indicator

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The monthly CPI indicator is a measure of inflation and includes statistics about prices for categories of households expenditure

Reference period

February 2023

Released

29/03/2023

View all releases

Key statistics

The monthly CPI indicator rose 6.8% in the twelve months to February.
The most significant price rises were Housing (+9.9%), Food and non-alcoholic beverages (+8.0%) and Transport (+5.6%).

What's new this month

Additional data series

The Electricity series in the monthly CPI indicator has been updated with monthly prices from October 2021 onwards. No changes have been made to the Electricity series prior to October 2021. Electricity prices for periods prior to October 2021 are updated quarterly in month 3 with carry forward imputation used in the months where prices were not updated.

The inclusion of this new monthly Electricity series has resulted in revisions to the monthly CPI indicator dating back to October 2021. The revision is consistent with advice provided by the ABS, ‘it should be noted that the monthly CPI indicator may be routinely subject to revision, in contrast to the quarterly CPI which is only revised in exceptional circumstances’.

The new monthly Electricity series will be used to compile the Electricity series in the quarterly CPI from the March quarter 2023 onwards. There will be no revisions to the quarterly CPI.

Main features

Weighted average of eight capital cities, annual movement
	Dec 21 to Dec 22 % change	Jan 22 to Jan 23 % change	Feb 22 to Feb 23 % change
All groups CPI	8.4	7.4	6.8
Food and non-alcoholic beverages	9.5	8.2	8.0
Bread and cereal products	12.9	12.6	12.5
Meat & seafood	8.4	5.1	3.3
Dairy and related products	14.4	14.5	14.3
Fruit & vegetables	9.8	5.1	5.8
Food products n.e.c.	11.9	11.1	11.8
Non-alcoholic beverages	9.5	9.9	6.6
Alcohol and tobacco	4.2	4.0	4.3
Alcohol	4.4	4.3	4.5
Tobacco	4.0	3.8	4.1
Clothing and footwear	6.3	3.1	3.7
Garments	7.2	2.8	3.8
Housing	10.6	10.4	9.9
Rents	4.1	4.8	4.8
New dwelling purchases by owner-occupiers	16.0	14.7	13.0
Electricity	16.1	16.8	17.2
Furnishings, household equipment and services	8.5	6.8	6.6
Health	4.2	5.0	5.0
Transport	7.2	6.1	5.6
Automotive fuel	10.8	7.5	5.6
Communications	1.5	1.3	1.2
Recreation and culture	14.4	10.2	6.4
Holiday travel and accommodation	29.3	17.8	14.9
Education	4.6	4.6	5.6
Insurance and financial services	5.0	5.1	5.6
CPI analytical series
Seasonally adjusted	8.2	7.3	7.1
All groups CPI excluding volatile items*	8.3	7.5	6.9

*Volatile items are Fruit and vegetables and Automotive fuel

Monthly Overview

The monthly CPI indicator annual movement rose 6.8% in February, down from 7.4% in January.

The annual movement for CPI excluding volatile items rose 6.9%, down from 7.5% in January. This series excludes Fruit and vegetables and Automotive fuel.

All groups Monthly CPI indicator, Australia, annual movement (%)
	CPI (%)	CPI excluding volatile items* (%)
Feb-19	1.5	1.5
Mar-19	1.6	1.4
Apr-19	1.8	1.7
May-19	1.5	1.4
Jun-19	1.4	1.6
Jul-19	1.6	1.7
Aug-19	1.6	1.8
Sep-19	1.7	2.0
Oct-19	1.8	2.1
Nov-19	1.8	1.8
Dec-19	2.2	2.0
Jan-20	2.7	2.2
Feb-20	2.0	1.9
Mar-20	2.1	2.5
Apr-20	0.1	0.9
May-20	-0.2	0.7
Jun-20	-0.1	0.2
Jul-20	0.8	1.2
Aug-20	1.1	1.5
Sep-20	0.4	0.8
Oct-20	0.5	1.1
Nov-20	1.1	1.6
Dec-20	0.3	0.8
Jan-21	0.4	0.9
Feb-21	1.1	1.4
Mar-21	0.8	0.7
Apr-21	2.5	1.7
May-21	3.3	2.4
Jun-21	3.5	3.0
Jul-21	2.1	1.3
Aug-21	2.5	1.7
Sep-21	3.1	2.4
Oct-21	3.0	2.1
Nov-21	3.2	2.1
Dec-21	3.5	2.8
Jan-22	4.0	3.0
Feb-22	4.8	3.8
Mar-22	5.7	4.3
Apr-22	5.5	4.8
May-22	6.1	5.1
Jun-22	6.8	5.4
Jul-22	7.1	6.0
Aug-22	7.0	6.4
Sep-22	7.2	6.8
Oct-22	7.0	6.6
Nov-22	7.4	7.0
Dec-22	8.4	8.3
Jan-23	7.4	7.5
Feb-23	6.8	6.9

All groups Monthly CPI indicator, Australia, annual movement (%)

["","CPI","CPI excluding volatile items*"]

[["Feb-19","Mar-19","Apr-19","May-19","Jun-19","Jul-19","Aug-19","Sep-19","Oct-19","Nov-19","Dec-19","Jan-20","Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23"],[[1.5],[1.6000000000000001],[1.8],[1.5],[1.3999999999999999],[1.6000000000000001],[1.6000000000000001],[1.7],[1.8],[1.8],[2.2000000000000002],[2.7000000000000002],[2],[2.1000000000000001],[0.10000000000000001],[-0.20000000000000001],[-0.10000000000000001],[0.80000000000000004],[1.1000000000000001],[0.40000000000000002],[0.5],[1.1000000000000001],[0.29999999999999999],[0.40000000000000002],[1.1000000000000001],[0.80000000000000004],[2.5],[3.2999999999999998],[3.5],[2.1000000000000001],[2.5],[3.1000000000000001],[3],[3.2000000000000002],[3.5],[4],[4.7999999999999998],[5.7000000000000002],[5.5],[6.0999999999999996],[6.7999999999999998],[7.0999999999999996],[7],[7.2000000000000002],[7],[7.4000000000000004],[8.4000000000000004],[7.4000000000000004],[6.7999999999999998]],[[1.5],[1.3999999999999999],[1.7],[1.3999999999999999],[1.6000000000000001],[1.7],[1.8],[2],[2.1000000000000001],[1.8],[2],[2.2000000000000002],[1.8999999999999999],[2.5],[0.90000000000000002],[0.69999999999999996],[0.20000000000000001],[1.2],[1.5],[0.80000000000000004],[1.1000000000000001],[1.6000000000000001],[0.80000000000000004],[0.90000000000000002],[1.3999999999999999],[0.69999999999999996],[1.7],[2.3999999999999999],[3],[1.3],[1.7],[2.3999999999999999],[2.1000000000000001],[2.1000000000000001],[2.7999999999999998],[3],[3.7999999999999998],[4.2999999999999998],[4.7999999999999998],[5.0999999999999996],[5.4000000000000004],[6],[6.4000000000000004],[6.7999999999999998],[6.5999999999999996],[7],[8.3000000000000007],[7.5],[6.9000000000000004]]]

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*Volatile items are Fruit and vegetables and Automotive fuel

All groups and Groups monthly CPI indicator, Australia, annual movement (%)
	Oct-22 (%)	Nov-22 (%)	Dec-22 (%)	Jan-23 (%)	Feb-23 (%)
All groups	7.0	7.4	8.4	7.4	6.8
Food & non-alcoholic beverages	8.9	9.4	9.5	8.2	8.0
Alcohol & tobacco	4.3	4.3	4.2	4.0	4.3
Clothing & footwear	5.7	4.1	6.3	3.1	3.7
Housing	11.4	10.6	10.6	10.4	9.9
Furnishings, household equipment & services	7.8	8.4	8.5	6.8	6.6
Health	2.6	3.6	4.2	5.0	5.0
Transport	7.2	8.8	7.2	6.1	5.6
Communications	1.9	0.7	1.5	1.3	1.2
Recreation & culture	2.3	5.8	14.4	10.2	6.4
Education	4.5	4.6	4.6	4.6	5.6
Insurance & financial services	4.2	4.8	5.0	5.1	5.6

All groups and Groups monthly CPI indicator, Australia, annual movement (%)

["","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23"]

[["All groups","Food & non-alcoholic beverages","Alcohol & tobacco","Clothing & footwear","Housing","Furnishings, household equipment & services","Health","Transport","Communications","Recreation & culture","Education","Insurance & financial services"],[[7],[8.9000000000000004],[4.2999999999999998],[5.7000000000000002],[11.4],[7.7999999999999998],[2.6000000000000001],[7.2000000000000002],[1.8999999999999999],[2.2999999999999998],[4.5],[4.2000000000000002]],[[7.4000000000000004],[9.4000000000000004],[4.2999999999999998],[4.0999999999999996],[10.6],[8.4000000000000004],[3.6000000000000001],[8.8000000000000007],[0.69999999999999996],[5.7999999999999998],[4.5999999999999996],[4.7999999999999998]],[[8.4000000000000004],[9.5],[4.2000000000000002],[6.2999999999999998],[10.6],[8.5],[4.2000000000000002],[7.2000000000000002],[1.5],[14.4],[4.5999999999999996],[5]],[[7.4000000000000004],[8.1999999999999993],[4],[3.1000000000000001],[10.4],[6.7999999999999998],[5],[6.0999999999999996],[1.3],[10.199999999999999],[4.5999999999999996],[5.0999999999999996]],[[6.7999999999999998],[8],[4.2999999999999998],[3.7000000000000002],[9.9000000000000004],[6.5999999999999996],[5],[5.5999999999999996],[1.2],[6.4000000000000004],[5.5999999999999996],[5.5999999999999996]]]

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New dwelling prices drive the increase in housing

New dwelling prices rose 13.0% in the year to February as builders passed through higher costs for labour and materials. Fewer grant payments from the Federal Government's HomeBuilder program and similar state-based housing construction grants also contributed to the rise in new dwelling prices over the year.

The rate of price growth has continued to ease compared to the record high increase of 21.7% in July 2022. This reflects a softening in new demand and improvements in the supply of materials.

New dwelling purchase by owner occupiers, Australia, monthly and annual movement (%)
	monthly change (%)	annual change (%)
Feb-19	0	1.2
Mar-19	0.2	1.1
Apr-19	-0.2	0.7
May-19	-0.2	0.2
Jun-19	0.1	-0.2
Jul-19	0	0
Aug-19	-0.4	0
Sep-19	0.5	0.1
Oct-19	0.1	0.1
Nov-19	0	-0.1
Dec-19	0.2	-0.1
Jan-20	0.1	0.4
Feb-20	0.4	0.8
Mar-20	-0.1	0.5
Apr-20	0	0.7
May-20	-0.3	0.6
Jun-20	0.5	1.0
Jul-20	0.2	1.2
Aug-20	0.2	1.8
Sep-20	0	1.3
Oct-20	0.2	1.4
Nov-20	0.4	1.8
Dec-20	0	1.6
Jan-21	0.8	2.3
Feb-21	-1.0	0.9
Mar-21	-0.1	0.9
Apr-21	-0.9	0
May-21	1.3	1.6
Jun-21	0.8	1.9
Jul-21	0.5	2.1
Aug-21	2.1	4.1
Sep-21	0.9	5.0
Oct-21	0.2	5.0
Nov-21	2.2	6.9
Dec-21	2.5	9.6
Jan-22	1.6	10.5
Feb-22	1.6	13.4
Mar-22	2.0	15.8
Apr-22	2.2	19.3
May-22	1.3	19.4
Jun-22	1.9	20.7
Jul-22	1.3	21.7
Aug-22	1.1	20.5
Sep-22	0.5	20.0
Oct-22	0.5	20.4
Nov-22	0.1	17.9
Dec-22	0.9	16.0
Jan-23	0.5	14.7
Feb-23	0.2	13.0

New dwelling purchase by owner occupiers, Australia, monthly and annual movement (%)

["","monthly change","annual change"]

[["Feb-19","Mar-19","Apr-19","May-19","Jun-19","Jul-19","Aug-19","Sep-19","Oct-19","Nov-19","Dec-19","Jan-20","Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23"],[[0],[0.20000000000000001],[-0.20000000000000001],[-0.20000000000000001],[0.10000000000000001],[0],[-0.40000000000000002],[0.5],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.40000000000000002],[-0.10000000000000001],[0],[-0.29999999999999999],[0.5],[0.20000000000000001],[0.20000000000000001],[0],[0.20000000000000001],[0.40000000000000002],[0],[0.80000000000000004],[-1],[-0.10000000000000001],[-0.90000000000000002],[1.3],[0.80000000000000004],[0.5],[2.1000000000000001],[0.90000000000000002],[0.20000000000000001],[2.2000000000000002],[2.5],[1.6000000000000001],[1.6000000000000001],[2],[2.2000000000000002],[1.3],[1.8999999999999999],[1.3],[1.1000000000000001],[0.5],[0.5],[0.10000000000000001],[0.90000000000000002],[0.5],[0.20000000000000001]],[[1.2],[1.1000000000000001],[0.69999999999999996],[0.20000000000000001],[-0.20000000000000001],[0],[0],[0.10000000000000001],[0.10000000000000001],[-0.10000000000000001],[-0.10000000000000001],[0.40000000000000002],[0.80000000000000004],[0.5],[0.69999999999999996],[0.59999999999999998],[1],[1.2],[1.8],[1.3],[1.3999999999999999],[1.8],[1.6000000000000001],[2.2999999999999998],[0.90000000000000002],[0.90000000000000002],[0],[1.6000000000000001],[1.8999999999999999],[2.1000000000000001],[4.0999999999999996],[5],[5],[6.9000000000000004],[9.5999999999999996],[10.5],[13.4],[15.800000000000001],[19.300000000000001],[19.399999999999999],[20.699999999999999],[21.699999999999999],[20.5],[20],[20.399999999999999],[17.899999999999999],[16],[14.699999999999999],[13]]]

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Rent prices remain high

Rent prices increased 4.8% in the year to February, reflecting low vacancy rates and a tight rental market.

Rents, Australia, annual movement (%)
	annual change (%)
Feb-19	0.4
Mar-19	0.4
Apr-19	0.4
May-19	0.4
Jun-19	0.4
Jul-19	0.4
Aug-19	0.4
Sep-19	0.4
Oct-19	0.4
Nov-19	0.2
Dec-19	0.2
Jan-20	0.2
Feb-20	0.2
Mar-20	0.2
Apr-20	0.2
May-20	-1.2
Jun-20	-1.2
Jul-20	-1.2
Aug-20	-1.5
Sep-20	-1.5
Oct-20	-1.5
Nov-20	-1.4
Dec-20	-1.4
Jan-21	-1.4
Feb-21	-1.5
Mar-21	-1.5
Apr-21	-1.5
May-21	0
Jun-21	0
Jul-21	0
Aug-21	0.3
Sep-21	0.3
Oct-21	0.3
Nov-21	0.3
Dec-21	0.3
Jan-22	0.3
Feb-22	1.0
Mar-22	1.0
Apr-22	1.0
May-22	1.5
Jun-22	1.5
Jul-22	2.0
Aug-22	2.4
Sep-22	2.9
Oct-22	3.5
Nov-22	3.6
Dec-22	4.1
Jan-23	4.8
Feb-23	4.8

Rents, Australia, annual movement (%)

["","annual change"]

[["Feb-19","Mar-19","Apr-19","May-19","Jun-19","Jul-19","Aug-19","Sep-19","Oct-19","Nov-19","Dec-19","Jan-20","Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23"],[[0.40000000000000002],[0.40000000000000002],[0.40000000000000002],[0.40000000000000002],[0.40000000000000002],[0.40000000000000002],[0.40000000000000002],[0.40000000000000002],[0.40000000000000002],[0.20000000000000001],[0.20000000000000001],[0.20000000000000001],[0.20000000000000001],[0.20000000000000001],[0.20000000000000001],[-1.2],[-1.2],[-1.2],[-1.5],[-1.5],[-1.5],[-1.3999999999999999],[-1.3999999999999999],[-1.3999999999999999],[-1.5],[-1.5],[-1.5],[0],[0],[0],[0.29999999999999999],[0.29999999999999999],[0.29999999999999999],[0.29999999999999999],[0.29999999999999999],[0.29999999999999999],[1],[1],[1],[1.5],[1.5],[2],[2.3999999999999999],[2.8999999999999999],[3.5],[3.6000000000000001],[4.0999999999999996],[4.7999999999999998],[4.7999999999999998]]]

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Electricity prices rise further

Electricity prices rose 17.2% over the twelve months to February. The full impact of annual price reviews in July 2022 took time to flow through to many households as electricity rebates have reduced electricity bills in Western Australia, ACT, Queensland and Tasmania between July and December 2022. On a monthly basis, electricity prices were flat in February.

Electricity, Australia, monthly and annual movement (%)
	monthly change (%)	annual change (%)
Oct-21	-0.4	-5.5
Nov-21	1	-4.5
Dec-21	0.3	3.8
Jan-22	-0.1	3.7
Feb-22	-0.3	3.3
Mar-22	-0.1	4
Apr-22	-0.5	3.5
May-22	0.2	3.7
Jun-22	2.6	2.8
Jul-22	1.1	3.9
Aug-22	1.4	5.3
Sep-22	-4.3	0.5
Oct-22	10.7	11.8
Nov-22	-0.3	10.3
Dec-22	5.6	16.1
Jan-23	0.5	16.8
Feb-23	0	17.2

Electricity, Australia, monthly and annual movement (%)

["","monthly change","annual change"]

[["Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23"],[[-0.40000000000000002],[1],[0.29999999999999999],[-0.10000000000000001],[-0.29999999999999999],[-0.10000000000000001],[-0.5],[0.20000000000000001],[2.6000000000000001],[1.1000000000000001],[1.3999999999999999],[-4.2999999999999998],[10.699999999999999],[-0.29999999999999999],[5.5999999999999996],[0.5],[0]],[[-5.5],[-4.5],[3.7999999999999998],[3.7000000000000002],[3.2999999999999998],[4],[3.5],[3.7000000000000002],[2.7999999999999998],[3.8999999999999999],[5.2999999999999998],[0.5],[11.800000000000001],[10.300000000000001],[16.100000000000001],[16.800000000000001],[17.199999999999999]]]

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Food and non-alcoholic beverages

Over the twelve months to February, Food and non-alcoholic beverages rose 8.0%, with price rises seen across all categories. These increases reflect price pressures from higher input costs such as wages, freight, and supply disruptions.

The main contributors were broad based with price rises in restaurant and takeaway meals and groceries.

Food and non-alcoholic beverages, Australia, annual movement (%)
	annual change (%)
Food & non-alcoholic beverages	8
Bread and cereal products	12.5
Meat and seafoods	3.3
Dairy and related products	14.3
Fruit and vegetables	5.8
Food products n.e.c.	11.8
Non alcoholic beverages	6.6
Meals out & take away foods*	7.3

Food and non-alcoholic beverages, Australia, annual movement (%)

["","annual change"]

[["Food & non-alcoholic beverages","Bread and cereal products","Meat and seafoods","Dairy and related products","Fruit and vegetables","Food products n.e.c.","Non alcoholic beverages","Meals out & take away foods*"],[[8],[12.5],[3.2999999999999998],[14.300000000000001],[5.7999999999999998],[11.800000000000001],[6.5999999999999996],[7.2999999999999998]]]

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*Quarterly index, price updated in Feb (month 2) – more information

Meat and seafoods and Fruit and vegetables

Meat and seafood prices rose 3.3% over the year to February, down from the 5.1% annual rise in January. While high input costs continue to put upward pressure on prices, increases in production has seen the annual price ease from the December 2022 peak of 8.4%.

Annually, Fruit and vegetable prices rose 5.8% in February, up from 5.1% in January. Prices continue to be impacted by produce shortages caused by floods in key growing areas in 2022, alongside higher transport and input costs.

Meat and seafoods and Fruit and vegetables, Australia, annual movement (%)
	Meat and seafood (%)	Fruit and vegetables (%)
Feb-19	4.5	6.4
Mar-19	4	10
Apr-19	3.2	5.6
May-19	4.5	7
Jun-19	4.7	2.7
Jul-19	5	1.8
Aug-19	5.3	0.6
Sep-19	5.9	-0.9
Oct-19	6	-1.2
Nov-19	5.3	1.9
Dec-19	5.8	5.6
Jan-20	5.1	5
Feb-20	4.4	0.8
Mar-20	7.7	4
Apr-20	6.9	6.7
May-20	6.5	3.6
Jun-20	6.5	9.5
Jul-20	6.7	7.5
Aug-20	6.3	10.1
Sep-20	4.8	8.3
Oct-20	3.8	4.9
Nov-20	4.6	5.1
Dec-20	4.8	2.2
Jan-21	4.4	1.7
Feb-21	4.6	-2.3
Mar-21	1.8	-9.1
Apr-21	3.5	-1.1
May-21	3.2	6.4
Jun-21	2.9	0.7
Jul-21	2.7	1.8
Aug-21	2.4	-1.5
Sep-21	2.7	-2.7
Oct-21	2.8	-1.4
Nov-21	2.6	-0.9
Dec-21	2	-0.2
Jan-22	5.2	2.9
Feb-22	7.2	6.6
Mar-22	5.8	10.1
Apr-22	5.5	6.8
May-22	6.1	4.6
Jun-22	6.4	9
Jul-22	7.1	14.9
Aug-22	7.1	19
Sep-22	7.6	17.4
Oct-22	7.9	9.4
Nov-22	8.1	9.5
Dec-22	8.4	9.8
Jan-23	5.1	5.1
Feb-23	3.3	5.8

Meat and seafoods and Fruit and vegetables, Australia, annual movement (%)

["","Meat and seafood","Fruit and vegetables"]

[["Feb-19","Mar-19","Apr-19","May-19","Jun-19","Jul-19","Aug-19","Sep-19","Oct-19","Nov-19","Dec-19","Jan-20","Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23"],[[4.5],[4],[3.2000000000000002],[4.5],[4.7000000000000002],[5],[5.2999999999999998],[5.9000000000000004],[6],[5.2999999999999998],[5.7999999999999998],[5.0999999999999996],[4.4000000000000004],[7.7000000000000002],[6.9000000000000004],[6.5],[6.5],[6.7000000000000002],[6.2999999999999998],[4.7999999999999998],[3.7999999999999998],[4.5999999999999996],[4.7999999999999998],[4.4000000000000004],[4.5999999999999996],[1.8],[3.5],[3.2000000000000002],[2.8999999999999999],[2.7000000000000002],[2.3999999999999999],[2.7000000000000002],[2.7999999999999998],[2.6000000000000001],[2],[5.2000000000000002],[7.2000000000000002],[5.7999999999999998],[5.5],[6.0999999999999996],[6.4000000000000004],[7.0999999999999996],[7.0999999999999996],[7.5999999999999996],[7.9000000000000004],[8.0999999999999996],[8.4000000000000004],[5.0999999999999996],[3.2999999999999998]],[[6.4000000000000004],[10],[5.5999999999999996],[7],[2.7000000000000002],[1.8],[0.59999999999999998],[-0.90000000000000002],[-1.2],[1.8999999999999999],[5.5999999999999996],[5],[0.80000000000000004],[4],[6.7000000000000002],[3.6000000000000001],[9.5],[7.5],[10.1],[8.3000000000000007],[4.9000000000000004],[5.0999999999999996],[2.2000000000000002],[1.7],[-2.2999999999999998],[-9.0999999999999996],[-1.1000000000000001],[6.4000000000000004],[0.69999999999999996],[1.8],[-1.5],[-2.7000000000000002],[-1.3999999999999999],[-0.90000000000000002],[-0.20000000000000001],[2.8999999999999999],[6.5999999999999996],[10.1],[6.7999999999999998],[4.5999999999999996],[9],[14.9],[19],[17.399999999999999],[9.4000000000000004],[9.5],[9.8000000000000007],[5.0999999999999996],[5.7999999999999998]]]

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Holiday travel and accommodation

Holiday travel and accommodation rose 14.9% in the year to February, down from 17.8% in January. High demand continues to impact prices for both Domestic and International holiday travel and accommodation despite prices easing from the 29.3% annual rise in December.

Holiday travel and accommodation, Australia, monthly and annual movement (%)
	monthly change (%)	annual change (%)
Feb-19	-9.7	1.9
Mar-19	-2.9	0
Apr-19	10.5	4.9
May-19	-7.1	2.6
Jun-19	2.8	3.6
Jul-19	8.2	3.2
Aug-19	-6.8	4.8
Sep-19	1.5	2.4
Oct-19	2.9	4.4
Nov-19	-6.2	1.2
Dec-19	14.6	2.3
Jan-20	-1.1	3.8
Feb-20	-13.4	-0.5
Mar-20	1.9	4.4
Apr-20	2.7	-3.0
May-20	-2.0	2.3
Jun-20	-0.4	-0.9
Jul-20	6.0	-2.9
Aug-20	-0.5	3.7
Sep-20	-9.1	-7.1
Oct-20	-1.1	-10.7
Nov-20	-0.9	-5.7
Dec-20	11.6	-8.2
Jan-21	-2.6	-9.6
Feb-21	-7.9	-3.9
Mar-21	-1.5	-7.1
Apr-21	5.8	-4.2
May-21	-6.1	-8.3
Jun-21	4.3	-4.0
Jul-21	-1.4	-10.7
Aug-21	-0.3	-10.5
Sep-21	4.5	2.8
Oct-21	1.7	5.7
Nov-21	-4.1	2.3
Dec-21	10.8	1.5
Jan-22	1.9	6.1
Feb-22	-12.4	1.0
Mar-22	2.3	5.0
Apr-22	9.0	8.2
May-22	-7.5	6.6
Jun-22	5.4	7.8
Jul-22	3.6	13.3
Aug-22	-5.0	7.9
Sep-22	9.1	12.6
Oct-22	-6.4	3.7
Nov-22	4.3	12.8
Dec-22	27.0	29.3
Jan-23	-7.2	17.8
Feb-23	-14.6	14.9

Holiday travel and accommodation, Australia, monthly and annual movement (%)

["","monthly change","annual change"]

[["Feb-19","Mar-19","Apr-19","May-19","Jun-19","Jul-19","Aug-19","Sep-19","Oct-19","Nov-19","Dec-19","Jan-20","Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23"],[[-9.6999999999999993],[-2.8999999999999999],[10.5],[-7.0999999999999996],[2.7999999999999998],[8.1999999999999993],[-6.7999999999999998],[1.5],[2.8999999999999999],[-6.2000000000000002],[14.6],[-1.1000000000000001],[-13.4],[1.8999999999999999],[2.7000000000000002],[-2],[-0.40000000000000002],[6],[-0.5],[-9.0999999999999996],[-1.1000000000000001],[-0.90000000000000002],[11.6],[-2.6000000000000001],[-7.9000000000000004],[-1.5],[5.7999999999999998],[-6.0999999999999996],[4.2999999999999998],[-1.3999999999999999],[-0.29999999999999999],[4.5],[1.7],[-4.0999999999999996],[10.800000000000001],[1.8999999999999999],[-12.4],[2.2999999999999998],[9],[-7.5],[5.4000000000000004],[3.6000000000000001],[-5],[9.0999999999999996],[-6.4000000000000004],[4.2999999999999998],[27],[-7.2000000000000002],[-14.6]],[[1.8999999999999999],[0],[4.9000000000000004],[2.6000000000000001],[3.6000000000000001],[3.2000000000000002],[4.7999999999999998],[2.3999999999999999],[4.4000000000000004],[1.2],[2.2999999999999998],[3.7999999999999998],[-0.5],[4.4000000000000004],[-3],[2.2999999999999998],[-0.90000000000000002],[-2.8999999999999999],[3.7000000000000002],[-7.0999999999999996],[-10.699999999999999],[-5.7000000000000002],[-8.1999999999999993],[-9.5999999999999996],[-3.8999999999999999],[-7.0999999999999996],[-4.2000000000000002],[-8.3000000000000007],[-4],[-10.699999999999999],[-10.5],[2.7999999999999998],[5.7000000000000002],[2.2999999999999998],[1.5],[6.0999999999999996],[1],[5],[8.1999999999999993],[6.5999999999999996],[7.7999999999999998],[13.300000000000001],[7.9000000000000004],[12.6],[3.7000000000000002],[12.800000000000001],[29.300000000000001],[17.800000000000001],[14.9]]]

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Automotive fuel prices ease further

Automotive fuel prices rose 5.6% in the year to February, down from 7.5% in January. Fuel prices have eased in recent months with the annual movement falling since increasing by 43.2% in the 12 months to June 2022.

Automotive fuel, Australia, monthly and annual movement (%)
	monthly change (%)	annual change (%)
Feb-19	4.3	-4.0
Mar-19	5.2	2.1
Apr-19	5.7	2.9
May-19	1.6	0.6
Jun-19	-4.7	-4.8
Jul-19	0.4	-2.6
Aug-19	-0.9	-3.4
Sep-19	2.8	-5.6
Oct-19	3.9	-5.0
Nov-19	-2.0	4.4
Dec-19	0.9	10.9
Jan-20	-0.7	17.1
Feb-20	-3.4	8.5
Mar-20	-9.3	-6.4
Apr-20	-15.9	-25.6
May-20	0.9	-26.1
Jun-20	9.1	-15.3
Jul-20	3.5	-12.7
Aug-20	-1.0	-12.8
Sep-20	0.6	-14.7
Oct-20	-0.4	-18.2
Nov-20	-1.0	-17.4
Dec-20	4.6	-14.3
Jan-21	1.7	-12.3
Feb-21	2.6	-6.9
Mar-21	7.0	9.9
Apr-21	1.7	32.9
May-21	-0.8	30.6
Jun-21	-0.3	19.4
Jul-21	7.1	23.6
Aug-21	-0.7	24.0
Sep-21	2.6	26.5
Oct-21	5.4	33.9
Nov-21	1.3	37.0
Dec-21	-3.4	26.5
Jan-22	4.3	29.7
Feb-22	6.0	34.0
Mar-22	12.5	40.9
Apr-22	-13.8	19.4
May-22	11.0	33.7
Jun-22	6.9	43.2
Jul-22	-3.4	29.2
Aug-22	-11.5	15.0
Sep-22	-1.7	10.1
Oct-22	7.0	11.8
Nov-22	5.6	16.6
Dec-22	-8.1	10.8
Jan-23	1.1	7.5
Feb-23	4.1	5.6

Automotive fuel, Australia, monthly and annual movement (%)

["","monthly change","annual change"]

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Education price rise highest in five years

Education prices rose 5.6% in the year to February, the highest rise in five years. Tertiary education prices rose due to higher indexation than previous years and the changes to course fees from the Job-ready Graduate package that commenced in 2021. The passing on of higher wages and other costs saw price rises for primary and secondary school. Preschool prices fell in New South Wales, Victoria, and Queensland due to government fee-relief programs for preschool and kindergarten in these states.

Education, Australia, February annual movements (%)
	annual change (%)
Feb-19	2.9
Feb-20	2.7
Feb-21	0.1
Feb-22	4.5
Feb-23	5.6

Education, Australia, February annual movements (%)

["","annual change"]

[["Feb-19","Feb-20","Feb-21","Feb-22","Feb-23"],[[2.8999999999999999],[2.7000000000000002],[0.10000000000000001],[4.5],[5.5999999999999996]]]

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Data files

TABLE 1. Monthly CPI Indicator: All groups, Groups, select Expenditure classes and Analytical series, Australia, Index Numbers and Percentage Change from Corresponding Month of Previous Year, Weighted Average of Eight Capital Cities
Download xlsx [74.8 KB]
TABLE 2. Monthly CPI Indicator: select Groups, select Expenditure classes and Analytical series, Australia, Percentage Change from previous period, Weighted Average of Eight Capital Cities
Download xlsx [52.59 KB]

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Appendix

Annual weight update

Index	2022 weight (%)	2021 weight (%)	Points Change
Food and non-alcoholic beverages group	17.18	16.76	0.42
Bread	0.53	0.53	0.00
Cakes and biscuits	0.60	0.61	-0.01
Breakfast cereals	0.11	0.12	-0.01
Other cereal products	0.18	0.17	0.01
Beef and veal	0.53	0.54	-0.01
Pork	0.29	0.32	-0.03
Lamb and goat	0.29	0.31	-0.02
Poultry	0.44	0.45	-0.01
Other meats	0.38	0.39	-0.01
Fish and other seafood	0.40	0.44	-0.04
Milk	0.42	0.40	0.02
Cheese	0.30	0.32	-0.02
Ice cream and other dairy	0.29	0.29	0.00
Fruit	0.96	1.00	-0.04
Vegetables	1.41	1.31	0.10
Eggs	0.12	0.13	-0.01
Jams, honey and spreads	0.12	0.13	-0.01
Food additives & condiments	0.31	0.30	0.01
Oils and fats	0.22	0.20	0.02
Snacks and confectionery	0.83	0.84	-0.01
Other food products	0.49	0.51	-0.02
Coffee, tea and cocoa	0.26	0.24	0.02
Waters soft drinks and juices	0.89	0.86	0.03
Restaurant meals	3.96	3.42	0.54
Takeaway and fast foods	2.85	2.93	-0.08
Alcohol and tobacco group	7.87	9.01	-1.14
Spirits	0.99	1.03	-0.04
Wine	1.91	2.06	-0.15
Beer	2.22	2.36	-0.14
Tobacco	2.75	3.56	-0.81
Clothing and footwear group	3.37	3.33	0.04
Garments for men	0.53	0.54	-0.01
Garments for women	1.13	1.13	0.00
Garments for children	0.32	0.32	0.00
Footwear for men	0.12	0.12	0.00
Footwear for women	0.29	0.29	0.00
Footwear for children	0.07	0.08	-0.01
Accessories	0.84	0.74	0.10
Cleaning, repair and hire	0.07	0.11	-0.04
Housing group	22.24	23.24	-1.00
Rents	5.75	6.23	-0.48
New dwelling purchase	8.62	8.67	-0.05
Maintenance and repair of dwelling	2.24	2.29	-0.05
Property rates and charges	1.55	1.61	-0.06
Water and sewerage	0.88	0.95	-0.07
Electricity	2.22	2.52	-0.30
Gas and other household fuels	0.98	0.97	0.01
Furnishings, household equipment & services group	8.94	9.16	-0.22
Furniture	1.54	1.63	-0.09
Carpets and other floor cover	0.32	0.34	-0.02
Household textiles	0.51	0.50	0.01
Major household appliances	0.43	0.44	-0.01
Small electrical appliances	0.32	0.33	-0.01
Glassware and tableware	0.41	0.42	-0.01
Tools and equipment	0.40	0.41	-0.01
Cleaning and maintenance products	0.23	0.23	0.00
Personal care products	0.89	0.89	0.00
Other non-durable products	1.31	1.26	0.05
Child care	0.82	0.91	-0.09
Hairdressing services	1.08	1.06	0.02
Other household services	0.68	0.74	-0.06
Health group	6.25	6.47	-0.22
Pharmaceutical products	1.04	1.09	-0.05
Therapeutic equipment	0.16	0.16	0.00
Medical and hospital services	4.45	4.56	-0.11
Dental services	0.60	0.66	-0.06
Transport group	10.99	10.58	0.41
Motor vehicles	3.04	3.06	-0.02
Spare parts and accessories	0.77	0.70	0.07
Automotive fuel	3.61	3.28	0.33
Maintenance and repair of vehicle	1.87	1.78	0.09
Other motor vehicle services	1.35	1.40	-0.05
Urban transport fares	0.35	0.36	-0.01
Communication group	2.31	2.41	-0.10
Postal services	0.10	0.11	-0.01
Telecommunications	2.21	2.30	-0.09
Recreation and culture group	10.84	8.64	2.20
Audio, visual and computer equipment	1.28	1.35	-0.07
Audio, visual and media services	0.67	0.70	-0.03
Books	0.16	0.18	-0.02
Newspapers, magazines and stationery	0.37	0.40	-0.03
Domestic holiday travel	2.43	1.95	0.48
International holiday travel	1.85	0.08	1.77
Equipment for sports and camping	0.61	0.70	-0.09
Games, toys and hobbies	0.64	0.69	-0.05
Pets and related products	0.53	0.50	0.03
Vet and other pet services	0.51	0.44	0.07
Sports participation	0.90	0.75	0.15
Other recreational services	0.89	0.90	-0.01
Education group	4.43	4.63	-0.2
Preschool and primary education	0.95	0.99	-0.04
Secondary education	1.91	2.01	-0.10
Tertiary education	1.57	1.63	-0.06
Insurance and financial services group	5.56	5.80	-0.24
Insurance	1.16	1.23	-0.07
Bank fees (direct)	0.40	0.46	-0.06
Other financial services	4.00	4.11	-0.11

About the monthly CPI indicator

What is the monthly CPI Indicator?

The monthly Consumer Price Index (CPI) indicator was developed to provide inflation data at a higher frequency for use by governments, economists and the wider community. The quarterly CPI remains the principal measure of household inflation.

Monthly CPI Indicator coverage

The monthly CPI indicator is derived using available data from the quarterly CPI. The ABS collects prices for the CPI in a range of frequencies including monthly, quarterly, and annual. The frequency of price collection is determined by how often prices change. Where price change occurs frequently, such as for food and petrol, monthly price data is collected. Where price change is less frequent, such as for restaurant meals and hairdressers, price data is available quarterly. In some cases, prices are collected once per year where it is known prices only change annually. This is the case for some education fees, property rates and private health insurance.

For this reason, the composition of the monthly CPI basket varies across the three months of the quarter, details of the monthly coverage composition are detailed in Table 1 below.

Expenditure Class (EC) coverage
Expenditure Class (EC)	Frequency
Bread EC	Monthly
Cakes and biscuits EC	Monthly
Breakfast cereals EC	Monthly
Other cereal products EC	Monthly
Beef and veal EC	Monthly
Pork EC	Monthly
Lamb and goat EC	Monthly
Poultry EC	Monthly
Other meats EC	Monthly
Fish and other seafood EC	Monthly
Milk EC	Monthly
Cheese EC	Monthly
Ice cream & other dairy products EC	Monthly
Fruit EC	Monthly
Vegetables EC	Monthly
Eggs EC	Monthly
Jams, honey and spreads EC	Monthly
Food additives and condiments EC	Monthly
Oils and fats EC	Monthly
Snacks and confectionery EC	Monthly
Other food products n.e.c.* EC	Monthly
Coffee, tea and cocoa EC	Monthly
Waters soft drinks & juices EC	Monthly
Restaurant meals EC	Quarterly
Takeaway and fast foods EC	Quarterly
Spirits EC	Monthly
Wine EC	Monthly
Beer EC	Monthly
Tobacco EC	Monthly
Garments for men EC	Monthly
Garments for women EC	Monthly
Garments for infant and child EC	Quarterly
Footwear for men EC	Quarterly
Footwear for women EC	Quarterly
Footwear for infant & child EC	Quarterly
Accessories EC	Quarterly
Cleaning, repair and hire EC	Quarterly
Rents EC	Monthly
New dwell purchase by own occupied EC	Monthly
Maintenance and repair of dwelling EC	Quarterly
Property rates and charges EC	Annual
Water and sewerage EC	Quarterly
Electricity EC	Monthly
Gas and other household fuels EC	Quarterly
Furniture EC	Quarterly
Carpets and other floor cover EC	Quarterly
Household textiles EC	Quarterly
Major household appliances EC	Quarterly
Small electrical and household appliances EC	Quarterly
Glassware,tableware and household EC	Quarterly
Tools and equipment EC	Quarterly
Cleaning and maintenance prod EC	Monthly
Personal care products EC	Monthly
Other non-durable household products EC	Monthly
Child care EC	Quarterly
Hairdressing and personal grooming services EC	Quarterly
Other household services EC	Quarterly
Pharmaceutical products EC	Quarterly
Therapeutic app and equip EC	Quarterly
Medical & hospital services EC
Medical services	Quarterly
Private health insurance	Annual (plus any irregular changes)
Dental services EC	Quarterly
Motor vehicles EC	Quarterly
Spare parts and accessories EC	Quarterly
Automotive fuel EC	Monthly
Maintenance and repair of vehicle EC	Quarterly
Other services in respect of motor vehicle EC	Quarterly
Urban transport fares EC	Quarterly
Postal services EC	Monthly
Telecom equip & services EC	Quarterly
Audio,visual & comp equip EC	Quarterly
Audio, visual, media&serv EC	Quarterly
Books EC	Quarterly
Newspaper magazine and station EC	Quarterly
Domestic holiday travel & accommodation EC	Monthly
Intern holiday travel & accommodation EC	Monthly
Equipment for sports,camp EC	Quarterly
Games, toys and hobbies EC	Quarterly
Pets and related products EC	Monthly
Vet & other pet services EC	Quarterly
Sports participation EC	Quarterly
Other recreational sports & cultural services EC	Quarterly
Preschool&primary education EC	Quarterly & Annual
Secondary education EC	Annual
Tertiary education EC	Bi-annual
Insurance EC	Quarterly
D&L Facilities (direct) EC	Monthly
Other financial services EC	Quarterly

* n.e.c Not elsewhere classified

What's price updated - monthly breakdown

Month 1	Month 2	Month 3
Bread	Bread	Bread
Cakes and biscuits	Cakes and biscuits	Cakes and biscuits
Breakfast cereals	Breakfast cereals	Breakfast cereals
Other cereal products	Other cereal products	Other cereal products
Beef and veal	Beef and veal	Beef and veal
Pork	Pork	Pork
Lamb and goat	Lamb and goat	Lamb and goat
Poultry	Poultry	Poultry
Other meats	Other meats	Other meats
Fish and other seafood	Fish and other seafood	Fish and other seafood
Milk	Milk	Milk
Cheese	Cheese	Cheese
Ice cream & other dairy prod	Ice cream & other dairy prod	Ice cream & other dairy prod
Fruit	Fruit	Fruit
Vegetables	Vegetables	Vegetables
Eggs	Eggs	Eggs
Jams, honey & spreads	Jams, honey & spreads	Jams, honey & spreads
Food additives & condiments	Food additives & condiments	Food additives & condiments
Oils and fats	Oils and fats	Oils and fats
Snacks and confectionery	Snacks and confectionery	Snacks and confectionery
Other food products n.e.c.	Other food products n.e.c.	Other food products n.e.c.
Coffee, tea and cocoa	Coffee, tea and cocoa	Coffee, tea and cocoa
Waters soft drinks & juices	Waters soft drinks & juices	Waters soft drinks & juices
Spirits	Restaurant meals	Spirits
Wine	Takeaway and fast foods	Wine
Beer	Spirits	Beer
Tobacco	Wine	Tobacco
Garments for men	Beer	Garments for men
Garments for women	Tobacco	Garments for women
Garments for infant & child	Garments for men	Rents
Footwear for men	Garments for women	New dwelling purchase by owner occupiers
Footwear for women	Rents	Property rates and charges (annual)
Footwear for infant & child	New dwelling purchase by owner occupiers	Water and sewerage
Accessories	Electricity	Electricity
Cleaning, repair & hire	Cleaning & maintenance prod	Gas and other household fuels
Rents	Personal care products	Cleaning & maintenance prod
New dwelling purchase by owner occupiers	Other non-dur household prods	Personal care products
Maintenance & repair of dwelling	Hairdressing & personal grooming	Other non-dur household prods
Electricity	Other household services	Child care
Furniture	Spare parts & accessories	Pharmaceutical products
Carpets & other floor cover	Automotive fuel	Therapeutic appliances and equipment
Household textiles	Maintenance & repair of vehicle	Medical & hospital services
Major household appliances	Other services in respect of motor vehicle	Medical services
Small electronic household appliances	Urban transport fares	Dental services
Glassware, tableware & household	Postal services	Motor vehicles
Tools & equipment	Telecommunications equip & services (partial monthly)	Automotive fuel
Cleaning & maintenance prod	Audio,visual & computer equipment	Postal services
Personal care products	Audio, visual, media & services	Telecommunications equip & services (partial monthly)
Other non-durable household prods	Domestic holiday travel & accommodation	Audio,visual & computer equipment
Medical & hospital services	International holiday travel & accommodation	Books
Private Health insurance (annual, plus irregular changes)	Equipment for sports,camp	Newspaper magazine & stationery
Automotive fuel	Games, toys and hobbies	Domestic holiday travel & accommodation
Postal services	Pets and related products	International holiday travel & accommodation
Telecommunications equip & services (partial monthly)	Sports participation	Pets and related products
Audio,visual & computer equipment	Other recreational sports & cultural services	Vet & other pet services
Domestic holiday travel & accommodation	Preschool & primary education (quarterly & annual)	Sports participation
International holiday travel & accommodation	Secondary education (annual)	Preschool & primary education (quarterly & annual)
Pets and related products	Tertiary education (bi-annual)	D&L Facilities (direct)
D&L Facilities (direct)	Insurance	Other financial services
	D&L Facilities (direct)

Articles

Monthly CPI indicator articles and related media

Monthly CPI indicator rose 6.8% in the year to August, 29 September 2022

Introducing a monthly Consumer Price Index (CPI) indicator for Australia, 16 August 2022

Introducing a monthly CPI indicator, 16 August 2022

ABS to release new monthly CPI Indicator, 10 August 2022

Measuring Rents in the CPI

New data source

As outlined in the ABS’ information paper Introducing a monthly CPI indicator for Australia, from July 2022 the ABS has incorporated a new data source to measure the Rents series in the monthly CPI indicator and the quarterly CPI.
The Rents series prior to July 2022 was measured on a quarterly basis using a survey of approximately 4,000 rental properties collected directly from real estate agents.
The new dataset obtained by the ABS is updated monthly and includes approximately 480,000 rental properties that are used to produce the CPI Rents series across all capital cities.

What the CPI Rents series measures

The CPI measures the prices being paid by households for the goods and services that they consume during a particular measurement period (e.g. month or quarter). In the case of rents, this means that the CPI measures the current ‘price’ being paid by all types of households that rent including new and existing renters who are renting privately or from the government.
Measures of rental inflation that are based on newly advertised rental properties only measure changes in the asking or advertised price of rental properties for new tenancies. At any given time, newly advertised tenancies represent a relatively small proportion of properties being rented in Australia. The Rents series used for the CPI measures actual rents paid rather than advertised prices.
Advertised rents tend to reflect the dynamic end of the rental market where the price change for new tenancies can be more volatile than that being experienced by renters with existing tenancy agreements.
Price changes observed in advertised rents series are expected to eventually flow through to the CPI Rents series. However, the small share of rental properties leased to new tenants each quarter means that it takes some time for changes in advertised rents to impact price change observed in the CPI Rents series.
A useful analogy is to think about a bathtub of water. The water in the tub represents all rents being paid by households, while the water entering the tub from the tap represents new rental agreements. The CPI series is measuring the overall temperature of the bathtub whereas an advertised rents series measures the temperature of the water flowing into the tub. It will take some time for the flow of water to change the overall temperature of the water in the bathtub.

Using price indexes

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.

Consistent with existing policy, the ABS does not comment on the use (or otherwise) of the price indexes we publish. However, it should be noted that the monthly CPI indicator may be routinely subject to revision, in contrast to the quarterly CPI which is only revised in exceptional circumstances.

Use of Price Indexes in Contracts 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

Frequently Asked Questions (FAQs) specific to the monthly CPI indicator can be found in the Information paper: Introducing a monthly CPI indicator for Australia FAQs

In addition, the Frequently Asked Questions page has answers to a number of common questions to do with price indexes and the quarterly Consumer Price Index in particular.

Methodology

Monthly Consumer Price Index Indicator methodology, February 2023

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APA

Citation

Monthly Consumer Price Index Indicator

APA

Citation

Key statistics

What's new this month

Additional data series

Main features

Monthly Overview

New dwelling prices drive the increase in housing

Rent prices remain high

Electricity prices rise further

Food and non-alcoholic beverages

Meat and seafoods and Fruit and vegetables

Holiday travel and accommodation

Automotive fuel prices ease further

Education price rise highest in five years

Data downloads

Time Series Spreadsheets

TABLE 1. Monthly CPI Indicator: All groups, Groups, select Expenditure classes and Analytical series, Australia, Index Numbers and Percentage Change from Corresponding Month of Previous Year, Weighted Average of Eight Capital Cities

TABLE 2. Monthly CPI Indicator: select Groups, select Expenditure classes and Analytical series, Australia, Percentage Change from previous period, Weighted Average of Eight Capital Cities

Create your own tables and visualisations with Data Explorer

Appendix

Annual weight update

About the monthly CPI indicator

What is the monthly CPI Indicator?

Monthly CPI Indicator coverage

What's price updated - monthly breakdown

Articles

Monthly CPI indicator articles and related media

Measuring Rents in the CPI

Using price indexes

Frequently asked questions

Methodology

Do you need more detailed statistics?

Request data

Microdata and TableBuilder

Provide feedback

APA

Monthly Consumer Price Index Indicator

APA

Key statistics

What's new this month

Additional data series

Main features

Monthly Overview

New dwelling prices drive the increase in housing

Rent prices remain high

Electricity prices rise further

Food and non-alcoholic beverages

Meat and seafoods and Fruit and vegetables

Holiday travel and accommodation

Automotive fuel prices ease further

Education price rise highest in five years

Data downloads

Time Series Spreadsheets

TABLE 1. Monthly CPI Indicator: All groups, Groups, select Expenditure classes and Analytical series, Australia, Index Numbers and Percentage Change from Corresponding Month of Previous Year, Weighted Average of Eight Capital Cities

TABLE 2. Monthly CPI Indicator: select Groups, select Expenditure classes and Analytical series, Australia, Percentage Change from previous period, Weighted Average of Eight Capital Cities

Create your own tables and visualisations with Data Explorer

Appendix

Annual weight update

About the monthly CPI indicator

What is the monthly CPI Indicator?

Monthly CPI Indicator coverage

What's price updated - monthly breakdown

Articles

Monthly CPI indicator articles and related media

Measuring Rents in the CPI

Using price indexes

Frequently asked questions

Methodology

Media releases

Monthly CPI indicator up 6.8% in the year to February 2023

Do you need more detailed statistics?

Request data

Microdata and TableBuilder