The wait for confirmation is nearly over with the ABS releasing the information paper on the new 17th series of the CPI on Monday, 6thNovember. This paper will summarise the major changes that occur with the 17th series which will be incorporated into the December quarter 2017 CPI (due for release on the 31st January, 2018). The 17th series review includes an update of the upper level expenditure class weights in line with the latest Household Expenditure Survey (HES) and a simple examination of the CPI structure and methodology.
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
