Australia ends inflation blind spot with full monthly CPI from November ...Middle East

This marks the beginning of a phased wind-down of the quarterly CPI, which has guided the Reserve Bank of Australia (RBA) since the early 1990s.

Until now, the monthly CPI has only partially captured price movements, with just 43 of 87 expenditure categories reviewed monthly. With new funding, the ABS will now collect monthly data on all 87 classes. The full monthly report has been in testing since April 2024.

Info comes via local media reports here in Australia.

InvestingLive (formerly ForexLive.com) tells you what you need to know!

This article was written by Eamonn Sheridan at investinglive.com.

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