For the uninitiated, the Cappuccino Price Index (CPI) monitors the price of espresso coffee in Australia. In their own words “Cutting through the noise of oil prices, inflationary trends, exchange rates, and The All Ords we talk about what really matters – the price of the cup of coffee.”
It’s an interesting niche way to look at inflation in Australia, and is followed by many high-profile economists such as Craig James. It’s also an interesting look at prices throughout the state capitals.
Continue reading “The Cappuccino Price Index – A Year in Review 2011”