The Australian Bureau of Statistics is to reweight the CPI

This has been known for some time, but the Bureau has now said it'll update the weightings on Monday November 6.

via GIPHY

I know, I know ... but hang in there, only 3 sleeps to go!

The new stuff will be incorporated into the December quarter 2017 CPI (out on January 31 next year)

Westpac on what it'll mean for the inflation rate:

  • could lower our forecast for headline inflation by up to 0.4ppt for end 2018