Is CPI Still Relevant for Everyday Australians?

For those following my Senate Estimates posts, it’s become clear that the Albanese Government is 'stage managing' the Estimates process to the point where getting answers has become nearly impossible.

In early August, I was pleased to secure a new type of Senate Inquiry to supplement estimate questions, which allows the Senate to call a department or agency for a brief session to have specific question/s answered.

The first agency to be called will be the Australian Bureau of Statistics (ABS). We’ll be asking how they compile the cost of living index, which is Australia’s official inflation index. This is a very important piece of data, as it decides wage increases for everyday Australians, interest rates, government bond yields and our exchange rate.

With many Australians questioning the accuracy of the official 3.8% inflation rate—feeling that inflation is actually worse—I am eager to get to the truth of what our inflation rate actually is.

Transcript: https://www.malcolmrobertsqld.com.au/is-cpi-still-relevant/