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RBA Glossary definition for CPI

CPI – Consumer Price Index. A general measure of price inflation for the household sector compiled and published by the Australian Bureau of Statistics.

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DSGE Reno: Adding a Housing Block to a Small Open Economy Model

1 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
where π. t. is the CPI inflation rate,. is real GDP (value added measure), Q. ... Similarly, we use trimmed mean CPI inflation, but headline measures of sectoral inflation.
https://www.rba.gov.au/publications/rdp/2018/2018-04/full.html

Appendix A: Data Sources for Estimation

6 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
Source: RBA statistical table G1 Consumer Price Inflation. Housing sector inflation: Quarterly inflation in housing-related components of the CPI, including: rents, home maintenance & repairs; home insurance; and new purchases by ... Source: ABS Cat No
https://www.rba.gov.au/publications/rdp/2018/2018-04/appendix-a.html

Introduction

6 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
Moreover, both papers focus on the quantity and price of the housing stock, not housing services, with the latter being the relevant concept for GDP and CPI inflation. ... The current weight of the housing component of the CPI basket is about 23 per cent.
https://www.rba.gov.au/publications/rdp/2018/2018-04/introduction.html

Estimation

6 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
To capture the housing sector, we consider four measures of activity: housing sector value added; the housing-related components of the CPI; a housing sector wage index; and housing investment. ... Similarly, we use trimmed mean CPI inflation, but
https://www.rba.gov.au/publications/rdp/2018/2018-04/estimation.html

Conclusion

6 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
which have a large weight in GDP and the CPI basket).
https://www.rba.gov.au/publications/rdp/2018/2018-04/conclusion.html

References

6 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
Sutton M (2017), ‘The Average Size and Proportion of Price Changes in the CPI’, in ‘Consumer Price Index, Australia, September Quarter 2017’, ABS Cat No 6401.0, pp 12–21.
https://www.rba.gov.au/publications/rdp/2018/2018-04/references.html

The Model

6 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
The price for housing services, therefore, reflects a composite of rents, new dwelling prices and real estate services, which are the main housing components that are included in the CPI. ... where π. t. is the CPI inflation rate,. is real GDP (value
https://www.rba.gov.au/publications/rdp/2018/2018-04/the-model.html