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CPI

The Consumer Price Index (CPI) in Australia measures the average change over time in the prices paid by households for a basket of goods and services. It is a key indicator of inflation and is crucial for economic policy, influencing decisions on interest rates by the Reserve Bank of Australia. CPI data can significantly impact financial markets as it affects inflation expectations, currency value, and investment decisions. In the Australian context, CPI is released quarterly and is closely watched by investors, policymakers, and economists to gauge economic health and guide monetary policy.