Complete monthly measure of the CPI
A complete monthly measure of the Consumer Price Index (CPI) is under development to support more responsive monetary and fiscal policy.
Latest update
We are pleased to announce that the key design features of the complete monthly meaure of the CPI are now accessible on the ABS Consultation Hub. The ABS will release a complete monthly CPI in late 2025, as part of its transformative program called Big Data, Timely Insights: Phase 2 (BDTI2).
Stakeholders were invited to provide input on key aspects of the CPI publication design during a public consultation in late 2023. Feedback was sought on key areas such as release timing, data requirements, publication specifics, and methodologies.
Coming up
As we continue to refine the complete monthly measure of the CPI we will share regular updates on the design journey. This will include milestones reached, next steps, and enhancements made to our methodology and design components.
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Description
The graphic is a timeline outlining key milestones related to the delivery of the complete monthly CPI. The timeline is divided into four areas each with a title (Methods, Timing, Data, Publication), a date, and bullet points describing the specific topics to be addressed at each stage. Information for each of the areas is described as follows: 1. Methods – in mid 2024 new administrative data sources information will be released. 2. Timing - in mid 2025 the complete monthly CPI release schedule will be available. 3. Data – in mid 2025 information on seasonally adjusted data and the new analytical series will become available. 4. Publication - mid 2025 information on the treatment of historical CPI data and further publication details will be released.
For more information contact us at big.data.timely.insights@abs.gov.au.