The Consumer Price Index (CPI) is subject to periodic reviews. While an important objective of the reviews is to update item weights, formal reviews also provide an opportunity to reassess the scope and coverage of the index and other methodological issues.
This information paper discusses major issues to be considered in the current review (16th series) and presents ABS preliminary views on these matters as a basis for public consultation. Issues to be addressed include: the principal purpose of the CPI; frequency of compilation, and evaluation of the measurement of the deposit and loan facilities index. Submissions to the review should reach the ABS by 12 March 2010.
Outcomes of the 16th series review consultation process are expected to be published in December 2010.