Financial Services now in the CPI
The Australian CPI for September quarter was released today as 0.9% giving a twelve months increase of 3.0% exactly. Automotive fuel prices were up 11.6% for the quarter. Automotive Fuel has a 3.8% weight in the CPI. This quarter saw an updated weighting pattern and some structural changes including the introduction of financial services into the CPI in a new group 'Financial and insurance services'. For more details of changes resulting from the introduction of the 15th Series CPI, refer to ABS Information Paper: Introduction of the 15th Series Australian Consumer Price Index (Reissue) (cat. no. 6462.0), which was released on 11 October 2005. Details of the new weighting pattern have been added to List entry in Resources on FinDem.
Posted Wednesday, 26 October 2005
Recent News
- Friday, 27 Nov 2020 - RIR and Why Oz needs a Heath System Tax (HST)
- Saturday, 11 Apr 2020 - Back to Work with Covid-19? - Not so Fast!
- Tuesday, 7 Apr 2020 - Key people charting the Australian Recovery
- Wednesday, 1 Apr 2020 - Population Mortality effects of CoVid19
For past news items, visit the News Archive.
All images and text Copyright © Financial Demographics ABN 66 196 570 592. All Rights Reserved.
Copyright Statement | Disclaimer | Privacy Policy