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The Conversation
The Conversation
John Hawkins, Head, Canberra School of Government, University of Canberra

Years in the making, the first complete monthly inflation report is almost here

Inflation Reserve Bank CPI Australia Reserve Bank of Australia

A new “complete” monthly consumer price index (CPI) will be released next week, and will become Australia’s primary measure of inflation.

This new release will finally bring Australia into line with the other advanced economies in the Group of 20, which all publish inflation data every month. It will make it easier to compare inflation trends with other nations.

For the Reserve Bank of Australia, headline inflation from the complete monthly CPI will become the new target for monetary policy.

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