About CPI mensuel (AUD)
The monthly CPI index level for Australia is the raw basket value used to calculate both month-on-month and year-on-year percentage change rates. It is published by the national statistics office on a monthly schedule.
Why FX traders watch it
Tracking the index level (rather than derived rates) allows analysts to construct custom lookback windows, deflate other nominal series, and build real-return measures critical to fixed-income and FX carry analysis.
How to interpret the data
Rising index levels month after month indicate sustained inflationary pressure. A plateau or decline in the index is disinflationary and may influence the Reserve Bank of Australia toward easier policy, weighing on the aud.