aust interest rates cut, page-25

Hi VA,

If they actually calculated an imputed rent for homeowners and factored that into the CPI, then inflation in Australia would be running above 5% (closer to 5.5%). But, of course, to do this would be politically unpalatable for many. That's why we have "core" CPI, which is ex-this, ex-that, ex-most things that we consider ordinary or staple to our everyday living (like energy costs, fresh food costs, finance and housing costs).

What will they exclude from "core" next - medical costs, Government charges, insurance costs?