Since the ABS started publicly releasing its monthly CPI in late October 2022, it has been a source of controversy and debate.
It has been an indicator that has been paid significant heed one month and then absolutely ignored the next, as it no longer produced a result in the desired direction.
It has been used by commentators to justify calls for rate moves by the RBA, admittedly mostly of the cut variety, but also rate rises in some quarters.
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