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10 cards from this deck
Ongoing rise in average price level across an economy
Price movements in basket of goods & services households buy
CPICY−CPIPYCPIPY×100\frac{\text{CPI}_{\text{CY}} - \text{CPI}_{\text{PY}}}{\text{CPI}_{\text{PY}}} \times 100CPIPYCPICY−CPIPY×100
Mortgage interest rates, property prices, consumer credit charges
Housing at 22%
Official inflation rate calculated directly from CPI changes
Top & bottom 15% of price changes, uses middle 70%
Midpoint where half CPI basket above, half below in inflation rate
Trimmed Mean+Weighted Median2\frac{\text{Trimmed Mean} + \text{Weighted Median}}{2}2Trimmed Mean+Weighted Median
Australian Bureau of Statistics (ABS), quarterly (every 3 months)
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