Core consumer prices in Australia increased 1.80 percent in December of 2018 over the same month in the previous year. Core Inflation Rate in Australia averaged 3.67 percent from 1983 until 2018, reaching an all time high of 10.70 percent in the first quarter of 1983 and a record low of 1.60 percent in the first quarter of 1998.
Core Inflation Rate in Australia is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Australia to stand at 2.10 in 12 months time. In the long-term, the Australia Trimmed Mean Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.