This is the first release of a monthly CPI indicator. The indicator provides monthly insights into CPI inflation. Further details on the monthly CPI indicator are provided in Introducing a monthly Consumer Price Index (CPI) indicator for Australia.
The quarterly CPI is Australia’s key measure of inflation. It is different to the monthly CPI indicator, the quarterly CPI is available at Consumer Price Index, Australia. It should be noted that in contrast to the quarterly CPI which is only revised in exceptional circumstances, the monthly CPI indicator may be routinely subject to revision.
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.
Further information on how CPI measures the Rents series can be found in the articles.