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  • 1. Measuring inflation in Australia Archived
    Articles and reports: 62F0014M19970103357
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    The ABS currently publishes a wide range of separate consumer, producer and international trade price indexes, each relating to a particular segment of economic activity, as well as implicit price deflators and fixed weighted indexes derived from the national accounts. These individual indexes can be considered as partial indicators as they each relate to a particular economic activity. Each index was developed to meet specific requirements and is released in its own separate, specialized publication, with substantial differences in profile. The Consumer Price Index is frequently used as a measure of inflation but it has a number of conceptual shortcomings for such purposes. In recent years, there has been increasing international attention directed towards developing new approaches to the measurement of inflation. The purpose of this paper is to briefly outline the framework and current or future developments in the field of price statistics. The paper concludes that although no studies of bias have been undertaken in the Australian CPI, it is believed that any bias is likely to be small.

    Release date: 1997-10-02
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  • 1. Measuring inflation in Australia Archived
    Articles and reports: 62F0014M19970103357
    Description:

    The ABS currently publishes a wide range of separate consumer, producer and international trade price indexes, each relating to a particular segment of economic activity, as well as implicit price deflators and fixed weighted indexes derived from the national accounts. These individual indexes can be considered as partial indicators as they each relate to a particular economic activity. Each index was developed to meet specific requirements and is released in its own separate, specialized publication, with substantial differences in profile. The Consumer Price Index is frequently used as a measure of inflation but it has a number of conceptual shortcomings for such purposes. In recent years, there has been increasing international attention directed towards developing new approaches to the measurement of inflation. The purpose of this paper is to briefly outline the framework and current or future developments in the field of price statistics. The paper concludes that although no studies of bias have been undertaken in the Australian CPI, it is believed that any bias is likely to be small.

    Release date: 1997-10-02
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