ABOUT THIS RELEASE
Introduces experimental index numbers for a new economy-wide Price Index of Domestic Final Purchases. It represents the last major element of the system of price indexes articulated in the earlier Information Paper: An Analytical Framework for Price Indexes in Australia 6421.0. The focus of this system of indexes is on the analysis of inflation.
The experimental Domestic Final Purchases index is intended to complement other available indexes, in particular the Stage of Production Producer Price Indexes, the Wage Cost Index and the Export Price Index.
The system of complementary indexes is designed to enhance the means of studying price transmission processes in the Australian economy by providing analysts with measures which are presented from the perspectives of both producers and purchasers.