YoY Change in Australia's Consumer Price Index (CPI)
Australia| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year change in the Consumer Price Index (CPI) measures how much the prices of goods and services purchased by consumers in Australia have increased or decreased compared to the same month in the previous year. This data is released monthly by the Australian Bureau of Statistics (ABS) and is crucial for assessing inflation trends.
Year-on-year data helps to understand the extent of inflation progression. If the CPI is increasing, it indicates rising inflationary pressure, which could reduce consumer purchasing power. Conversely, if the CPI is decreasing, it suggests a risk of deflation, potentially increasing consumer purchasing power.
This data is a key reference for policymakers when evaluating inflation trends and formulating appropriate monetary policies. For instance, if the CPI shows high growth, the central bank might consider raising interest rates to control inflation. On the other hand, if the CPI is decreasing, there might be a need to strengthen economic stimulus measures. Moreover, for businesses and investors, CPI data is an important source of information for understanding inflation trends and making economic forecasts.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
