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RBA Glossary definition for G7

G7 – Group of Seven countries: Canada, France, Germany, Italy, Japan, UK and the USA. The G7 deals with issues of primary interest to developed economies.

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Appendix B: Data Sources and Definitions

1 Jun 2015 RDP 2015-07
Daniel Rees, Penelope Smith and Jamie Hall
Source: RBA. Foreign inflation (π. obs. ): Quarterly average inflation rate of the G7 economies.
https://www.rba.gov.au/publications/rdp/2015/2015-07/appendix-b.html

Estimation

1 Jun 2015 RDP 2015-07
Daniel Rees, Penelope Smith and Jamie Hall
For the foreign variables, we used the trade-weighted average GDP growth of Australia's major trading partners; the average inflation of the G7 economies; and the simple average of the
https://www.rba.gov.au/publications/rdp/2015/2015-07/estimation.html