Chapter 9

Last updated Sep 12, 2023 Edit Source

• Consumer Price Index (CPI)

TBD

• CPI
• Includes volatile goods such as fuel and seasonal goods such as fruit and veg

• Adjusted for volatile and seasonal goods
• ABS calculates trimmed mean and weighted median
• Trimmed mean:
  • Removes top and bottom 15% of price changes for goods
• Weighted median:
  • Is the rate of rate of price change of the at the 50th percentile by weight