The Consumer Price Index is the basis of indexation of a number of tax concessions. As from September 2012 the base year value of the index was re-set, so that the values which had been used up to that time were replaced.
Commonly used CPI statistic for income tax-related matters is the ‘All groups CPI weighted average of eight capital cities’.
ABSThe source data for the CPI statistics are published by the Australian Bureau of Statistics (ABS) which is normally updated within a few weeks of each period end.
Data sources: Australian Bureau of Statistics
- RBA Inflation Target -graph and info
- ABS examining the feasibility of producing a monthly CPI and commentary
This page was last modified 2018-07-25