It's a weighted basket of goods and services meant to represent average consumer. Not everything in the basket has to increase at the same rate. https://www.ab

It's a weighted basket of goods and services meant to represent average consumer. Not everything in the basket has to increase at the same rate. https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/annual-weight-update-cpi-and-living-cost-indexes/latest-release https://www.abs.gov.au/statistics/economy/price-indexes-and-... Here is the latest quarter and each element's contribution https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/jun-quarter-2023 https://www.abs.gov.au/statistics/economy/price-indexes-and-...