Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
Source Code: GFDD.OE.02
Source: World Bank
Release: Global Financial Development
World Bank, Consumer Price Index for Australia [DDOE02AUA086NWDB], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/DDOE02AUA086NWDB/, November 27, 2015.