Cost of food in Australia increased 3.10 percent in March of 2026 over the same month in the previous year. Food Inflation in Australia averaged 5.03 percent from 1973 until 2026, reaching an all time high of 20.60 percent in December of 1973 and a record low of -3.20 percent in June of 2012. source: Australian Bureau of Statistics
Food Inflation in Australia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Food Inflation is projected to trend around 2.50 percent in 2027 and 2.00 percent in 2028, according to our econometric models.