# CPI inflation reaches 7.8 percent in the December 2022 quarter

Date: 2022

## The fact

On 25 January 2023 the ABS reported that the Consumer Price Index rose 7.8 percent through the year to the December 2022 quarter, the highest annual CPI since 1990. Electricity, travel, and housing were large contributors. [Albanese](/people/anthony-albanese) was already prime minister.

## Context

Ukraine-war and supply-chain weather sat as parent. Neighbouring Stage 3 rewrite is a later cost-of-living file. He did not sit as the RBA.

2022 election is the parent office. Stage 3 January 2024 is a child fiscal file.

The Prime Minister of Australia chairs Cabinet and advises the Governor-General. Parliament enacts; the Governor-General assents. He does not write a High Court judgment, a state housing approval, or a US AUKUS submarine yard print.

## Evidence and sources

Australian Bureau of Statistics carries the official instrument or communique. Reserve Bank of Australia records the same dated act independently.

## Significance

The path is [inflationary pressure](/drivers/inflationary-pressure) and [household purchasing power](/drivers/household-purchasing-power): a completed 7.8 percent CPI year under his first ministry.

## What is established and what is not

Established: December 2022 quarter 7.8 percent CPI, independently reported.

Not established: that he uniquely authored global energy prices, or a unique later real-wage coefficient from that quarter.

What would change the picture: a contradictory original with a different date or name, a later repeal, a court that vacated the instrument, or a measured series that can be argued, with lag and alternatives, as a consequence of this instrument rather than of later institutions.

The date is the date of this instrument, not a licence to back-date every later harm or benefit.

RBA set rates. He owned the federal executive’s fiscal-and-energy file. Ukraine war sat as parent weather.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies CPI inflation reaches 7.8 percent in the December 2022 quarter, not a later speech about CPI inflation reaches 7.8 percent in the December 2022 quarter.

Co-authors and later implementers named in Context remain on the file. CPI inflation reaches 7.8 percent in the December 2022 quarter on 2022-12-31 is not a licence to treat every later Australian Bureau of Statistics communique as this same act. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. This dossier refuses to average CPI inflation reaches 7.8 percent in the December 2022 quarter into a personality. The contribution described on this Person row is limited to ABS measured. RBA set rates. He owned the federal executive’s fiscal-and-energy file. Ukraine war sat as parent weather. That limit is the alternative to treating office-holding as authorship of every later series.

## People

- Anthony Albanese: https://factrail.ai/people/anthony-albanese

## Drivers

- Inflationary Pressure: https://factrail.ai/drivers/inflationary-pressure
- Household Purchasing Power: https://factrail.ai/drivers/household-purchasing-power

## Sources

- https://www.rba.gov.au/publications/smp/2023/feb/inflation.html
- https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/dec-quarter-2022

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/au-cpi-2022