by Chris Becker
News to excite the wonks and economists out there, but in all seriousness, the ABS does need to play catch up with the rest of the world and deliver a monthly CPI print. More so that the RBA has more relevant data at hand for its monthly interest rate meeting too.
From Bloomberg:
Australian Bureau of Statistics Head David Kalich say looking at releasing a monthly Consumer Price Index (CPI). Would need to scrap other releases to pay for it, would cost $A15 million a year.
Not a high price to pay. Maybe after that they can re-visit the basket of goods to reflect inflation in land and property values.
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