{"id":309004,"date":"2025-11-26T02:42:07","date_gmt":"2025-11-26T02:42:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/309004\/"},"modified":"2025-11-26T02:42:07","modified_gmt":"2025-11-26T02:42:07","slug":"new-monthly-inflation-data-shows-jump-from-3-6pc-in-september-to-3-8pc-in-october","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/309004\/","title":{"rendered":"New monthly inflation data shows jump from 3.6pc in September to 3.8pc in October"},"content":{"rendered":"

Inflation jumped to 3.8 per cent in October, up from 3.6 per cent in September.<\/p>\n

The largest contributors to annual inflation were housing (+5.9 per cent), food and non-alcoholic beverages (+3.2 per cent), and recreation and culture (+3.2 cent).<\/p>\n

This is the first release of the complete Monthly Consumer Price Index (CPI) from the Australian Bureau of Statistics (ABS).<\/p>\n

Michelle Marquardt, ABS head of prices statistics, says it marks the transition from the traditional quarterly CPI to the complete monthly CPI as Australia’s primary measure of headline inflation.<\/p>\n

Australian statistician David Gruen says the transition to complete inflation data every month will give everyone a “quicker read” on inflation.<\/p>\n

However, he said monthly data was inherently more volatile than quarterly data, so that would take some getting used to.<\/p>\n

Loading…<\/p>\n

He said the quality of the seasonal adjustments in the new monthly data would also improve over time.<\/p>\n

“The benefit of the monthly CPI is that it’s more frequent,” Dr Gruen told the ABC.<\/p>\n

Forget AI. Here’s a real Aussie bubble<\/a><\/p>\n

Amid global warnings of impending financial doom, APRA and the Reserve Bank are far more concerned about a home-grown bubble, one that’s been taking in oxygen for almost three decades.\u00a0<\/p>\n

“One drawback is that for about half the basket, we only have 18 months of data.<\/p>\n

“So [for] the seasonal patterns, the usual period of time that we use for seasonal adjustment is three years, so we will be doing seasonal adjustment on some part of the basket with less than the ideal amount of information.<\/p>\n

“[So] in terms of being confident about the seasonals, I think the complete monthly CPI is going to provide more information but the quality of that information is going to improve as the length of time expands,” he said.<\/p>\n

Housing price inflation biggest contributor to inflation<\/p>\n

Annual housing inflation was 5.9 per cent in October, up from 5.7 per cent in September.<\/p>\n

It reflects cost increases in electricity, rents and new dwellings.<\/p>\n

Housing inflation was the largest contributor to headline inflation. With annual inflation running at 3.8 per cent, housing inflation accounted for 1.2 percentage points of that number.<\/p>\n","protected":false},"excerpt":{"rendered":"Inflation jumped to 3.8 per cent in October, up from 3.6 per cent in September. The largest contributors…\n","protected":false},"author":2,"featured_media":33558,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,169,99,30020,183,107482],"class_list":["post-309004","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-australian-bureau-of-statistics","tag-business","tag-headline-inflation","tag-reserve-bank-of-australia","tag-trimmed-mean-inflation"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/309004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=309004"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/309004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/33558"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=309004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=309004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=309004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}