Chart 2: QSBO average prices - a leading indicator of inflation?
Comparing QSBO average prices vs CPI Headline Inflation
Prices last 3 months, advanced one quarter (QSBO)
Headline annual CPI
’96
’00
’04
’08
’12
’16
’20
’24
0
0
50%
50%
’96
’00
’04
’08
’12
’16
’20
’24
0
0
5%
5%