CPI in detail: Inflation well checked

Wednesday 28 January 2015

As noted briefly by Houses & Holes, the Australian Bureau of Statistics (ABS) has released the Consumer Price Index (CPI) data for the December quarter 0f 2014, which registered a modest quarterly increase in headline inflation, but with underlying inflation rising well ahead of expectations (although well contained in annual terms).

According to the ABS, headline CPI rose by a modest 0.2% in the December quarter, which follows September’s 0.5% rise (see next chart).

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.