Search: CPI
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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Inflation Targeting: A Victim of Its Own Success?
25 Aug 2015
RDP
2015-09
We argue instead for an evolution in the practice of CPI inflation targeting.
https://www.rba.gov.au/publications/rdp/2015/2015-09.html
Introduction
11 Sep 2015
RDP
2015-09
These changes in the inflation process have made CPI inflation a less reliable guide to the appropriate stance of monetary policy. ... Changes in CPI inflation are now more likely to reflect idiosyncratic shocks than changes in domestic economic
https://www.rba.gov.au/publications/rdp/2015/2015-09/introduction.html
Conclusion
11 Sep 2015
RDP
2015-09
Variability of the domestic component of inflation has declined substantially, and much of the variation in CPI inflation is now caused by imported shocks, such as commodity price and exchange rate ... Changes in CPI inflation are now more likely to
https://www.rba.gov.au/publications/rdp/2015/2015-09/conclusion.html
The Past 25 Years
11 Sep 2015
RDP
2015-09
and import price inflation. :. The import price term is demeaned tariff-adjusted import price inflation relative to CPI inflation, in year-ended terms. ... The contribution of inflation expectations to predicted CPI inflation for each scenario is
https://www.rba.gov.au/publications/rdp/2015/2015-09/past-years.html
The Next 25 Years
1 Dec 2015
RDP
2015-09
In contrast, a strict CPI inflation objective requires monetary policy tightening, exacerbating the fall in output. ... And, in such an environment, a pure CPI inflation target risks destabilising output to offset idiosyncratic shocks.
https://www.rba.gov.au/publications/rdp/2015/2015-09/next-years.html