What is the Inflation Rate?

Hi there.

Could someone tell me the inflation rate that is used for the PIA software please? I looked on the ABS site and couldn't find just one figure.

Thanks in advance.
 
Hi phm

The rate used is CPI. As with most things in PIA it defaults to a worst case senerio to see if the numbers will add up for you.

You can also change the numbers to reflect past performance of the property/area. Most lenders will go with worst case though for their SANF ;)

bundy
 
I think the qn is whether it uses headline, underlying, adjusted etc. I dont have PIA so I cant answer...

CPI whilst measured in the same way includes different items in its "basket" of goods - depending on which CPI measurement is being determined.
 
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