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Australia Weighted Median Consumer Price Index (CPI) Quarter-over-Quarter (QoQ)

Price

0.9 %
Change +/-
-0.4 %
Percentage Change
-36.36 %

The current value of the Weighted Median Consumer Price Index (CPI) Quarter-over-Quarter (QoQ) in Australia is 0.9 %. The Weighted Median Consumer Price Index (CPI) Quarter-over-Quarter (QoQ) in Australia decreased to 0.9 % on 12/1/2023, after it was 1.3 % on 9/1/2023. From 9/1/2002 to 3/1/2024, the average GDP in Australia was 0.7 %. The all-time high was reached on 12/1/2022 with 1.8 %, while the lowest value was recorded on 3/1/2016 with 0.1 %.

Source: Australian Bureau of Statistics

Weighted Median Consumer Price Index (CPI) Quarter-over-Quarter (QoQ)

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Weighted Median CPI QoQ

Weighted Median Consumer Price Index (CPI) Quarter-over-Quarter (QoQ) History

DateValue
12/1/20230.9 %
9/1/20231.3 %
6/1/20231 %
3/1/20231.2 %
12/1/20221.8 %
9/1/20221.5 %
6/1/20221.4 %
3/1/20221.2 %
12/1/20210.9 %
9/1/20210.9 %
1
2
3
4
5
...
9

Similar Macro Indicators to Weighted Median Consumer Price Index (CPI) Quarter-over-Quarter (QoQ)

NameCurrentPreviousFrequency
🇦🇺
Commodity Prices YoY
-4.1 %-6 %Monthly
🇦🇺
Consumer Price Index (CPI)
137.4 points136.1 pointsQuarter
🇦🇺
Consumer Price Index for Housing and Utilities
150.3 points148.6 pointsQuarter
🇦🇺
Core Consumer Prices
138.253 points137.181 pointsQuarter
🇦🇺
Core Inflation Rate
3.9 %4 %Quarter
🇦🇺
CPI Transport
131.2 points130.5 pointsQuarter
🇦🇺
Export Prices
169.5 points173.1 pointsQuarter
🇦🇺
Export Prices MoM
-2.1 %5.6 %Quarter
🇦🇺
Food Inflation
3.8 %4.5 %Quarter
🇦🇺
GDP Chain Price Index
109.3 points108.5 pointsQuarter
🇦🇺
GDP Deflator
110.5 points109.131 pointsQuarter
🇦🇺
Import Prices
131.7 points134.1 pointsQuarter
🇦🇺
Import Prices MoM
-1.8 %1.1 %Quarter
🇦🇺
Inflation Expectations
4 %4.4 %Monthly
🇦🇺
Inflation Rate
2.8 %3.8 %Quarter
🇦🇺
Inflation Rate MoM
0.2 %1 %Quarter
🇦🇺
MI Inflation Gauge MoM
0.3 %0.3 %Monthly
🇦🇺
Monthly CPI Indicator
2.1 %2.7 %Monthly
🇦🇺
Producer Price Change
4.3 %4.1 %Quarter
🇦🇺
Producer Price Inflation MoM
1 %0.9 %Quarter
🇦🇺
Producer prices
130.7 points129.4 pointsQuarter
🇦🇺
Rental inflation
7.3 %7.8 %Quarter
🇦🇺
Service Inflation
4.5 %4.3 %Quarter
🇦🇺
Trimmed Mean CPI QoQ
0.8 %0.9 %Quarter
🇦🇺
Weighted Median CPI YoY
3.8 %4.2 %Quarter

In Australia, the Weighted Median CPI is derived by calculating the quarterly price changes of all CPI components. The annual rates are then determined based on compounded quarterly calculations.

What is Weighted Median Consumer Price Index (CPI) Quarter-over-Quarter (QoQ)?

The "Weighted Median CPI QoQ" is a critical economic indicator that garners significant attention from economists, policymakers, and financial analysts. This metric, essential to understanding inflationary trends, offers more nuanced insights than conventional inflation measures. At Eulerpool, where we specialize in providing comprehensive macroeconomic data, understanding the Weighted Median CPI QoQ forms an integral part of our analytical toolkit, enhancing our ability to interpret and respond to macroeconomic developments. The Weighted Median Consumer Price Index (CPI) quarter-over-quarter (QoQ) measures the middle point of price changes in a basket of goods and services, weighted according to their economic significance. Unlike the traditional CPI, which might be swayed by extreme changes in a few categories, the Weighted Median CPI QoQ filters out these anomalies, thus providing a more stable and reliable measure of underlying inflationary pressures. Inflation indices such as the Weighted Median CPI QoQ are instrumental in shaping monetary policy and in making economic forecasts. By focusing on the median price change, this metric smooths out volatility and provides a clearer picture of broad-based inflation trends. For instance, if certain sectors experience sudden price spikes or drops due to temporary factors, their impact on the Weighted Median CPI QoQ will be minimized. This characteristic makes the Weighted Median CPI QoQ particularly valuable during periods of economic uncertainty or when hyperinflation or deflationary fears abound. At Eulerpool, we appreciate the significance of presenting accurate and timely macroeconomic data to our users. The Weighted Median CPI QoQ plays a crucial role in our comprehensive economic analysis. We collect, analyze, and disseminate this data, ensuring that policymakers, investment managers, and researchers have access to the most accurate information available. This helps stakeholders make informed decisions that can better navigate the complexities of the economic landscape. The relevance of the Weighted Median CPI QoQ extends to various sectors of the economy. For instance, central banks, like the Federal Reserve, rely on this measure to devise and adjust monetary policy. A higher-than-expected Weighted Median CPI QoQ can signal rising inflation, prompting central banks to consider tightening monetary policy to curb spending and borrowing. Conversely, a lower reading may indicate deflationary pressures, leading to stimulus measures intended to boost economic activity. Investment professionals also keep a keen eye on the Weighted Median CPI QoQ because it affects market expectations and asset pricing. Rising inflation impacts interest rates, bond yields, and stock valuations. By closely monitoring this data, investors can adjust their portfolios to hedge against inflation risks, ensuring that their investment strategies align with the current macroeconomic environment. Furthermore, the Weighted Median CPI QoQ has implications for wage negotiations and cost-of-living adjustments. Labor unions and employers often use inflation indices to negotiate salaries that keep up with the cost of living. A stable and accurate measure of inflation, like the Weighted Median CPI QoQ, provides a fair basis for these negotiations, ensuring that wage adjustments reflect the true economic conditions. In addition, businesses across various industries rely on inflation data to set prices and forecast costs. The Weighted Median CPI QoQ helps companies understand the broader inflationary trends affecting their input costs and pricing strategies. By using this measure, firms can make informed decisions that help maintain their profitability and competitiveness in the market. Educational institutions and researchers also utilize the Weighted Median CPI QoQ to study inflation dynamics and their impact on the economy. By examining this metric, academics can uncover patterns and correlations that inform economic theories and models. This, in turn, enriches the academic discourse on inflation and its role in economic stability and growth. At Eulerpool, we are dedicated to providing our users with reliable and actionable macroeconomic data, including the Weighted Median CPI QoQ. Our platform is designed to cater to the needs of financial professionals, policymakers, researchers, and businesses, enabling them to access and interpret critical economic information with ease. We understand that in an ever-changing economic landscape, timely and accurate data is paramount. Thus, we continuously update our datasets, ensure rigorous quality control, and employ advanced analytics to present the most relevant macroeconomic insights. By doing so, we strive to be the trusted source for comprehensive macroeconomic data and analysis. In conclusion, the Weighted Median CPI QoQ is a vital measure of inflation that offers a stable and reliable view of price changes in the economy. Its importance spans various sectors, influencing monetary policy, investment strategies, wage negotiations, business planning, and academic research. At Eulerpool, we recognize the significance of this metric and are committed to providing high-quality, timely data to our users. By leveraging the Weighted Median CPI QoQ, stakeholders can make informed decisions that contribute to economic stability and growth. As a professional website dedicated to displaying macroeconomic data, we remain steadfast in our mission to deliver the most accurate and insightful information to our audience, empowering them to navigate the complexities of the global economy.