Track AU CPI y/y to gauge inflation's impact on AUD valuation and potential rate adjustments.
Consumer prices play a significant role in driving overall inflation. Inflation directly impacts currency valuation, as increasing prices typically prompt central banks to hike interest rates in order to control inflation, aligning with their mandate. This is one of the few figures released without seasonal adjustments; data was first published in October 2022.
What it Measures
The variation in prices of goods and services bought by consumers.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically benefits the currency.
Source & Frequency
Australian Bureau of Statistics (latest release) - https://www.abs.gov.au/ • Data is published monthly, approximately 25 days following the end of the month.
How Data is Derived
The average price of various goods and services are sampled and then compared to the previous sampling
Also Known As
Monthly Consumer Price Index Indicator
Acronym
Consumer Price Index (CPI)