Australian Inflation: CPI Versus Real Costs
Автор: Smart Money + Rabbit - The explainer
Загружено: 2025-10-03
Просмотров: 51
Описание: The source examines how the *Australian Bureau of Statistics (ABS)* calculates official inflation, primarily through the *Consumer Price Index (CPI)**, which the **Reserve Bank of Australia (RBA)* uses to set monetary policy. It explains that the CPI is derived from tracking the price changes of a *weighted basket of goods and services* representative of the average household and is published quarterly. The article then details why the *official CPI rate* often feels lower than *personal or "true" inflation**, listing five key reasons for this disparity. These reasons include that the **personal spending basket* differs from the CPI average, the CPI excludes existing *house prices and mortgage repayments**, and that policymakers often focus on **"trimmed mean"* inflation, which excludes volatile items like fuel, creating a disconnect from lived experience.
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