Australia Inflation Rate at 17-Year Low in Q2

Consumer prices in Australia rose 1.0 percent through the year to the June quarter of 2016 from 1.3 percent in the previous quarter and slightly below market consensus. It was the lowest inflation rate since the second quarter 1999. On a quarterly basis, consumer prices rose 0.4 percent, following a 0.2 percent drop in the March quarter and in line with expectations.
ABS l Rida Husna | rida@tradingeconomics.com
7/27/2016 4:56:49 AM
Year-on-year, cost increased for: alcohol and tobacco (+5.9 percent from +6.1 percent in the March quarter); housing (+1.3 percent from +1.7 percent); furnishing, household equipment and services (+1.6 percent from +2.0 percent), health (+4.5 percent from +4.6 percent), recreation & culture (+0.8 percent from +0.1 percent), education (+3.3 percent from +3.3 percent) and insurance and financial services (+2.4 percent from +2.3 percent). In contrast, cost declined for clothing & footwear (-0.2 percent from -0.8 percent), transport (-2.8 percent from -0.5 percent) and communication (-7.2 percent from -6.4 percent). Prices of food and non-alcoholic beverages also dropped by 0.1 percent, after remaining unchanged in the preceding quarter.

RBA Trimmed Mean CPI rose 1.7 percent year-on-year in the second quarter of 2016, the same pace as in the preceding quarter and above estimates of a 1.5 percent rise. Quarter-on-quarter, the index increased 0.5 percent, up from 0.2 percent in the first quarter. RBA Weighted Mean CPI rose 1.3 percent year-on-year in the three months to June, compared to a 1.4 percent in the preceding quarter. For 2016, Australia's central bank targets core inflation of between 2.0 percent to 3.0 percent on average.

On a quarterly basis, consumer prices rose 0.4 percent, following a 0.2 percent drop in the previous three months and in line with expectations. The most significant price rises in the June quarter were in medical and hospital services (+4.2 percent, driven by the annual increase in private health insurance premiums), automotive fuel (+5.9 percent, largely due to  increases in unleaded, premium and ethanol fuels) and tobacco (+2.1 percent). These rises were partially offset by falls in domestic holiday travel and accommodation (–3.7 percent), motor vehicles (–1.3 percent) and telecommunication equipment and services (–1.5 percent). 
.

Australia Inflation Rate at 17-Year Low in Q2



News

Australia Inflation Rate Slightly Above Estimates
Australia’s annual inflation stood at 3.8% in January 2026, unchanged from the prior month buy slightly above market estimates of 3.7%. The latest result remained above the central bank’s 2–3% target. Services inflation eased to 3.9% from a two-year high of 4.1% in December. Meanwhile, goods inflation accelerated to 3.8% from the prior 3.4%, due to a faster rise in electricity cost (32.2% vs 21.5%) as some state rebates expired. The trimmed mean CPI inched up to 3.4% yoy from the prior 3.3%. Monthly, the CPI rose 0.4%, slowing from a 1.0% rise in December.
Published on 2026-02-25

Australia Inflation Rate Slightly Above Estimates
Australia’s annual inflation held at 3.8% in January 2026, unchanged from the prior month but topped market forecasts of 3.7%, remaining outside the central bank’s 2–3% target. Services inflation eased to 3.9% from December's two-year high of 4.1%, partly due to lower pharmaceutical prices after the cut in the standard medicine fee. Meanwhile,,goods inflation accelerated (3.8% vs 3.4%), driven by a sharp rise in electricity costs (32.2% vs 21.5%) as state rebates expired. Price growth stayed broad-based, with continued rises in food and non-alcoholic drinks (3.1% vs 3.4%), alcohol and tobacco (5.0% vs 4.9%), clothing (5.3% vs 3.4%), furnishings (1.4% vs 2.0%), health (3.2% vs 3.6%), transport (1.1% vs 1.6%), communication (1.4% vs 1.1%), recreation (3.6% vs 4.4%), education (5.4% vs 5.4%), and financial services (2.4% vs 2.5%). The trimmed mean CPI edged up to 3.4% yoy, above both the prior figure and consensus of 3.3%. Monthly, the CPI rose 0.4%, slowing from a 1.0% gain in December.
Published on 2026-02-25

Australia Inflation Rate Slightly Above Estimates
Australia’s annual inflation held at 3.8% in January 2026, unchanged from the prior month but topped market forecasts of 3.7%, remaining outside the central bank’s 2–3% target. Services inflation eased to 3.9% from December's two-year high of 4.1%, partly due to lower pharmaceutical prices after the cut in the standard medicine fee. Meanwhile, goods inflation accelerated (3.8% vs 3.4%), driven by a sharp rise in electricity costs (32.2% vs 21.5%) as state rebates expired. Price growth stayed broad-based, with continued rises in food and non-alcoholic drinks (3.1% vs 3.4%), alcohol and tobacco (5.0% vs 4.9%), clothing (5.3% vs 3.4%), housing (6.8% vs 5.5%), furnishings (1.4% vs 2.0%), transport (1.1% vs 1.6%), communication (1.4% vs 1.1%), recreation (3.6% vs 4.4%), education (5.4% vs 5.4%), and financial services (2.4% vs 2.5%). The trimmed mean CPI edged up to 3.4% yoy, above both the prior figure and consensus of 3.3%. Monthly, the CPI rose 0.4%, slowing from a 1.0% gain in December.
Published on 2026-02-25

Australia Inflation Rate Slightly Above Estimates
Australia’s annual inflation held at 3.8% in January 2026, unchanged from the prior month but topped market expectations of 3.7%. The latest result remained above the central bank’s 2–3% target. Services inflation eased to 3.9% from a two-year high of 4.1%. Meanwhile, goods inflation quickened to 3.8% from 3.4%, driven by a sharp rise in electricity costs (32.2% vs 21.5%) as state rebates expired. Price pressures stayed broad-based, with continued increases in food and non-alcoholic drinks (3.1% vs 3.4%), alcohol and tobacco (5.0% vs 4.9%), clothing (5.3% vs 3.4%), furnishings (1.4% vs 2.0%), health (3.2% vs 3.6%), transport (1.1% vs 1.6%), communication (1.4% vs 1.1%), recreation (3.6% vs 4.4%), education (5.4% vs 5.4%), and financial services (2.4% vs 2.5%). The trimmed mean CPI edged up to 3.4% yoy, above both the prior figure and consensus of 3.3%. Monthly, the CPI rose 0.4%, slowing from December’s 1.0% increase.
Published on 2026-02-25

Australia Inflation Rate Slightly Above Estimates
Australia’s annual inflation held at 3.8% in January 2026, unchanged from the prior month but topped market expectations of 3.7%. The latest result remained above the central bank’s 2–3% target. Services inflation eased to 3.9% from a two-year high of 4.1%, while goods inflation quickened to 3.8% from 3.4%, driven by a sharp rise in electricity costs (32.2% vs 21.5%) as state rebates expired. Meanwhile, the trimmed mean CPI edged up to 3.4% yoy, above both the prior figure and consensus of 3.3%. Monthly, the CPI rose 0.4%, slowing from December’s 1.0% increase
Published on 2026-02-25

Australia Inflation Rate Slightly Above Estimates
Australia’s annual inflation held at 3.8% in January 2026, unchanged from the prior month but topped market forecasts of 3.7%, remaining outside the central bank’s 2–3% target. Services inflation eased to 3.9% from December's two-year high of 4.1%, partly due to lower pharmaceutical prices after the cut in the standard medicine fee. Meanwhile, goods inflation accelerated (3.8% vs 3.4%), driven by a sharp rise in electricity costs (32.2% vs 21.5%) as state rebates expired. Price growth stayed broad-based, with continued rises in food and non-alcoholic drinks (3.1% vs 3.4%), alcohol and tobacco (5.0% vs 4.9%), clothing (5.3% vs 3.4%), housing (6.8% vs 5.5%), furnishings (1.4% vs 2.0%), transport (1.1% vs 1.6%), communication (1.4% vs 1.1%), recreation (3.6% vs 4.4%), education (5.4% vs 5.4%), and financial services (2.4% vs 2.5%). The trimmed mean CPI edged up to 3.4% yoy, above both the prior figure and consensus of 3.3%. Monthly, the CPI rose 0.4%, slowing from a 1.0% gain in December.
Published on 2026-02-25

Australia Inflation Rate Slightly Above Estimates
Australia’s annual inflation stood at 3.8% in January 2026, unchanged from the prior month but slightly above market estimates of 3.7%. The latest result remained above the central bank’s 2–3% target. Services inflation eased to 3.9% from a two-year high of 4.1% in December. Meanwhile, goods inflation accelerated to 3.8% from the prior 3.4%, due to a faster rise in electricity cost (32.2% vs 21.5%) as some state rebates expired. The trimmed mean CPI inched up to 3.4% yoy from the prior 3.3%. Monthly, the CPI rose 0.4%, slowing from a 1.0% rise in December.
Published on 2026-02-25

Australia Inflation Rate Slightly Above Estimates
Australia’s annual inflation held at 3.8% in January 2026, unchanged from the prior month but topped market forecasts of 3.7%, remaining outside the central bank’s 2–3% target. Services inflation eased to 3.9% from December's two-year high of 4.1%, partly due to lower pharmaceutical prices after the cut in the standard medicine fee. Meanwhile, goods inflation accelerated (3.8% vs 3.4%), driven by a sharp rise in electricity costs (32.2% vs 21.5%) as state rebates expired. Price growth stayed broad-based, with continued rises in food and non-alcoholic drinks (3.1% vs 3.4%), alcohol and tobacco (5.0% vs 4.9%), clothing (5.3% vs 3.4%), furnishings (1.4% vs 2.0%), health (3.2% vs 3.6%), transport (1.1% vs 1.6%), communication (1.4% vs 1.1%), recreation (3.6% vs 4.4%), education (5.4% vs 5.4%), and financial services (2.4% vs 2.5%). The trimmed mean CPI edged up to 3.4% yoy, above both the prior figure and consensus of 3.3%. Monthly, the CPI rose 0.4%, slowing from a 1.0% gain in December.
Published on 2026-02-25

Australia Inflation Rate Slightly Above Estimates
Australia’s annual inflation held at 3.8% in January 2026, unchanged from the prior month but topped market forecasts of 3.7%, remaining outside the central bank’s 2–3% target. Services inflation eased to 3.9% from December's two-year high of 4.1%, partly due to lower pharmaceutical prices after the cut in the standard medicine fee. Meanwhile, goods inflation accelerated (3.8% vs 3.4%), driven by a sharp rise in electricity costs (32.2% vs 21.5%) as state rebates expired. Price growth stayed broad-based, with continued rises in food and non-alcoholic drinks (3.1% vs 3.4%), alcohol and tobacco (5.0% vs 4.9%), clothing (5.3% vs 3.4%), housing (6.8% vs 5.5%), furnishings (1.4% vs 2.0%), transport (1.1% vs 1.6%), communication (1.4% vs 1.1%), recreation (3.6% vs 4.4%), education (5.4% vs 5.4%), and financial services (2.4% vs 2.5%). The trimmed mean CPI edged up to 3.4% yoy, above both the prior figure and consensus of 3.3%. Monthly, the CPI rose 0.4%, slowing from a 1.0% gain in December.
Published on 2026-02-25

Australia Inflation Rate Above Forecasts
Australia’s annual inflation accelerated to 3.8% in December 2025 from 3.4% in November, which was the lowest in three months, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. The acceleration came as inflation in both goods and services increased, mainly due to faster rises in electricity prices (21.5% vs 19.7% in November). The trimmed mean CPI accelerated slightly to 3.3% yoy from 3.2% in November. On a monthly basis, the CPI rose 1.0% after being flat in November.
Published on 2026-01-28

Australia Inflation Rate Above Forecasts
Australia’s annual inflation climbed to 3.8% in December 2025 from November's 3-month low of 3.4%, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. Services inflation climbed to a two-year high (4.1% vs. 3.6% in Q3), driven by year-end holiday travel and accommodation, as well as elevated rents. At the same time, goods inflation edged higher (3.4% vs 3.3%), driven by a faster rise in electricity costs (21.5% vs 19.7%) as state rebates ended. Notably, prices continued to rise for food and non-alcoholic beverages (3.4% vs 3.3%), alcohol and tobacco (4.9% vs 4.3%), clothing (3.4% vs 5.1%), furnishings (2.0% vs 1.3%), health (3.6% vs 3.6%), transport (1.6% vs 2.7%), communication (1.1% vs 1.3%), recreation (4.4% vs 3.0%), education (5.4% vs 5.4%), and financial services (2.5% vs 2.5%). The trimmed mean CPI inched up to 3.3% yoy, in line with estimates. On a monthly basis, the CPI rose 1.0%, picking up from a flat reading in November.
Published on 2026-01-28

Australia Inflation Rate Above Forecasts
Australia’s annual inflation climbed to 3.8% in December 2025 from November's 3-month low of 3.4%, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. Services inflation hit a two-year high (4.1% vs. 3.6% in Q3), driven by year-end holiday travel and accommodation, as well as elevated rents. At the same time, goods inflation edged higher (3.4% vs 3.3%), driven by a faster rise in electricity costs (21.5% vs 19.7%) as state rebates expired. Price pressures remained broad-based, with continued increases in food and non-alcoholic drinks (3.4% vs 3.3%), alcohol and tobacco (4.9% vs 4.3%), clothing (3.4% vs 5.1%), furnishings (2.0% vs 1.3%), health (3.6% vs 3.6%), transport (1.6% vs 2.7%), communication (1.1% vs 1.3%), recreation (4.4% vs 3.0%), education (5.4% vs 5.4%), and financial services (2.5% vs 2.5%). The trimmed mean CPI inched up to 3.3% yoy, in line with estimates. Monthly, the CPI rose 1.0%, picking up from a flat reading in November.
Published on 2026-01-28

Australia Inflation Rate Above Forecasts
Australia’s annual inflation accelerated to 3.8% in December 2025 from 3.4% in November, which was the lowest in three months, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. The acceleration came as inflation in both goods and services increased, mainly due to faster rises in electricity prices (21.5% vs. 19.7%).
Published on 2026-01-28

Australia Inflation Rate Above Forecasts
Australia’s annual inflation accelerated to 3.8% in December 2025 from 3.4% in November, which was the lowest in three months, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. The acceleration came as services inflation hit a two-year high, while goods inflation accelerated due to faster rises in electricity prices (21.5% vs 19.7%), as state rebates ended. Inflation accelerated for housing (5.5% vs 5.2%) amid faster rises in electricity prices. Inflation was also higher for recreation (4.4% vs 3.0%), due to stronger increases in holiday travel and accommodation (5.8% vs 1.8%), alcohol and tobacco (4.9% vs 4.3%), furnishings (2.0% vs 1.3%), and food (3.4% vs 3.3%). Inflation was steady for health (3.6%), education (5.4%), and financial services (2.5%). Meanwhile, inflation moderated for clothing (3.4% vs 5.1%), transport (1.6% vs 2.7%), and communication (1.1% vs 1.3%). The trimmed mean CPI accelerated slightly to 3.3% yoy. Monthly, the CPI rose 1.0%.
Published on 2026-01-28

Australia Inflation Rate Above Forecasts
Australia’s annual inflation climbed to 3.8% in December 2025 from November's 3-month low of 3.4%, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. Services inflation hit a two-year high (4.1% vs. 3.6% in Q3), driven by year-end holiday travel and accommodation, as well as elevated rents. At the same time, goods inflation edged higher (3.4% vs 3.3%), driven by a faster rise in electricity costs (21.5% vs 19.7%) as state rebates ended. Price pressures remained broad-based, with continued increases in food and non-alcoholic drinks (3.4% vs 3.3%), alcohol and tobacco (4.9% vs 4.3%), clothing (3.4% vs 5.1%), furnishings (2.0% vs 1.3%), health (3.6% vs 3.6%), transport (1.6% vs 2.7%), communication (1.1% vs 1.3%), recreation (4.4% vs 3.0%), education (5.4% vs 5.4%), and financial services (2.5% vs 2.5%). The trimmed mean CPI inched up to 3.3% yoy, in line with estimates. Monthly, the CPI rose 1.0%, picking up from a flat reading in November.
Published on 2026-01-28

Australia Inflation Rate Above Forecasts
Australia’s annual inflation climbed to 3.8% in December 2025 from November's 3-month low of 3.4%, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. Services inflation hit a two-year high (4.1% vs. 3.6% in Q3), driven by year-end holiday travel and accommodation, as well as elevated rents. Meanwhile, goods inflation edged higher (3.4% vs 3.3%), due to a faster rise in electricity cost (21.5% vs 19.7%) as some state rebates expired. Price pressures remained broad-based, with continued increases in food and non-alcoholic drinks (3.4% vs 3.3%), alcohol and tobacco (4.9% vs 4.3%), clothing (3.4% vs 5.1%), furnishings (2.0% vs 1.3%), health (3.6% vs 3.6%), transport (1.6% vs 2.7%), communication (1.1% vs 1.3%), recreation (4.4% vs 3.0%), education (5.4% vs 5.4%), and financial services (2.5% vs 2.5%). The trimmed mean CPI inched up to 3.3% yoy from the prior 3.2%, in line with estimates. Monthly, the CPI rose 1.0%, picking up from a flat print in November.
Published on 2026-01-28

Australia Inflation Rate Above Forecasts
Australia’s annual inflation climbed to 3.8% in December 2025 from November's 3-month low of 3.4%, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. Services inflation hit a two-year high (4.1% vs. 3.6% in November), driven by year-end holiday travel and accommodation, as well as elevated rents. Meantime, goods inflation edged higher (3.4% vs 3.3%), due to a faster rise in electricity cost (21.5% vs 19.7%) as some state rebates expired. Price pressures remained broad-based, with continued increases in food and non-alcoholic drinks (3.4% vs 3.3%), alcohol and tobacco (4.9% vs 4.3%), clothing (3.4% vs 5.1%), furnishings (2.0% vs 1.3%), health (3.6% vs 3.6%), transport (1.6% vs 2.7%), communication (1.1% vs 1.3%), recreation (4.4% vs 3.0%), education (5.4% vs 5.4%), and financial services (2.5% vs 2.5%). The trimmed mean CPI inched up to 3.3% yoy from the prior 3.2%, in line with estimates. Monthly, the CPI rose 1.0%, picking up from a flat print in November.
Published on 2026-01-28

Australia Inflation Rate Above Forecasts
Australia’s annual inflation accelerated to 3.8% in December 2025 from 3.4% in November, which was the lowest in three months, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. The acceleration came as services inflation hit a two-year high, while goods inflation accelerated due to faster rises in electricity prices (21.5% vs 19.7%), as state rebates ended. Inflation accelerated for housing (5.5% vs 5.2%) amid faster rises in electricity prices. Inflation was also higher for recreation (4.4% vs 3.0%), due to stronger increases in holiday travel and accommodation (5.8% vs 1.8%), alcohol and tobacco (4.9% vs 4.3%), furnishings (2.0% vs 1.3%), and food (3.4% vs 3.3%). Inflation was steady for health (3.6%), education (5.4%), and financial services (2.5%). Meanwhile, inflation moderated for clothing (3.4% vs 5.1%), transport (1.6% vs 2.7%), and communication (1.1% vs 1.3%). The trimmed mean CPI accelerated slightly to 3.3% yoy. Monthly, the CPI rose 1.0%.
Published on 2026-01-28

Australia Inflation Rate Above Forecasts
Australia’s annual inflation climbed to 3.8% in December 2025 from November's 3-month low of 3.4%, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. Services inflation hit a two-year high (4.1% vs. 3.6% in Q3), driven by year-end holiday travel and accommodation, as well as elevated rents. At the same time, goods inflation edged higher (3.4% vs 3.3%), driven by a faster rise in electricity costs (21.5% vs 19.7%) as state rebates ended. Price pressures remained broad-based, with continued increases in food and non-alcoholic drinks (3.4% vs 3.3%), alcohol and tobacco (4.9% vs 4.3%), clothing (3.4% vs 5.1%), furnishings (2.0% vs 1.3%), health (3.6% vs 3.6%), transport (1.6% vs 2.7%), communication (1.1% vs 1.3%), recreation (4.4% vs 3.0%), education (5.4% vs 5.4%), and financial services (2.5% vs 2.5%). The trimmed mean CPI inched up to 3.3% yoy, in line with estimates. Monthly, the CPI rose 1.0%, picking up from a flat reading in November.
Published on 2026-01-28

Australia Inflation Rate Above Forecasts
Australia’s annual inflation climbed to 3.8% in December 2025 from November's 3-month low of 3.4%, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. Services inflation hit a two-year high (4.1% vs. 3.6% in Q3), driven by year-end holiday travel and accommodation, as well as elevated rents. Meanwhile, goods inflation edged higher (3.4% vs 3.3%), due to a faster rise in electricity cost (21.5% vs 19.7%) as some state rebates expired. Price pressures remained broad-based, with continued increases in food and non-alcoholic drinks (3.4% vs 3.3%), alcohol and tobacco (4.9% vs 4.3%), clothing (3.4% vs 5.1%), furnishings (2.0% vs 1.3%), health (3.6% vs 3.6%), transport (1.6% vs 2.7%), communication (1.1% vs 1.3%), recreation (4.4% vs 3.0%), education (5.4% vs 5.4%), and financial services (2.5% vs 2.5%). The trimmed mean CPI inched up to 3.3% yoy from the prior 3.2%, in line with estimates. Monthly, the CPI rose 1.0%, picking up from a flat print in November.
Published on 2026-01-28