The Australian Bureau of Statistics is attempting to secure funding to publish inflation numbers in line with international best practice.
Australia is one of two countries in the OECD to not publish inflation data each month, which the bureau estimated would cost $4 million a year.
The figure is down from fifteen million eight years ago when the bureau first started the push to come in line with international standard practice.
ABS chief economist Bruce Hockman said it was no longer good enough to make the Reserve Bank wait quarterly for such critical information.