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A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
The Chained Consumer Price Index C-CPI-U, a chained index, has been introduced. The C-CPI-U tries to mitigate the substitution bias that is encountered in CPI-W and CPI-U by employing a Tornqvist formula and utilizing expenditure data in adjacent time periods in order to reflect the effect of any substitution that consumers make across item ...
About Wikipedia; Contact us; Contribute Help; ... Chart of Australian house prices relative to CPI 1986 - 2009 with source data from ABS.
3 March - The RBA reduced the cash rate to 0.5% (from 0.75%) 19 March - The RBA introduces 4 core changes to support the economy as the COVID-19 pandemic shuts borders and businesses Reduction in the cash rate to 0.25% (down from 0.5%) Targeting the yield of the 3 year bond at 0.25%, through the commencement of bond buying
The average Australian property price grew 0.5% per year from 1890 to 1990 after inflation, [1] however rose from 1990 to 2017 at a faster rate. House prices in Australia receive considerable attention from the media and the Reserve Bank [ 2 ] and some commentators have argued that there is an Australian property bubble .
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It usually isn't meant to be called directly. The information in this dataset is manually input from Consumer Prices and Expenditure Patterns in Australia 1850–1914 for 1850-1900 and Australian Bureau of Statistics (2019) 6461.0 - Consumer Price Index: Concepts, Sources and Methods, 2019 §3.11 for later years.
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