Australia's import prices surged 5.7% quarter-on-quarter in Q2 2026, far exceeding market expectations for a flat reading and accelerating sharply from a 0.1% increase in Q1. The latest result marked the third consecutive quarterly rise and the strongest pace since Q4 2021. The upturn was driven primarily by petroleum and related products (47.1%), as the closure of the Strait of Hormuz disrupted global supply and pushed up oil prices. Fertilisers (25.1%) also recorded strong gains amid higher urea prices, while plastics in primary forms (26.3%) increased on firmer polyethylene prices. Higher crude oil and petrochemical costs continued to filter through supply chains, raising production costs for plastic manufacturers. Partly offsetting these increases was a 9.1% decline in non-monetary gold, as expectations of tighter monetary policy and higher bond yields outweighed safe-haven demand, weighing on gold prices during the quarter. source: Australian Bureau of Statistics

Import Prices MoM in Australia increased to 5.70 percent in the second quarter of 2026 from 0.10 percent in the first quarter of 2026. Import Prices MoM in Australia averaged 0.61 percent from 1981 until 2026, reaching an all time high of 12.80 percent in the third quarter of 1986 and a record low of -6.40 percent in the second quarter of 2009. This page includes a chart with historical data for Australia Import Prices QoQ. Australia Import Prices QoQ - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Import Prices MoM in Australia increased to 5.70 percent in the second quarter of 2026 from 0.10 percent in the first quarter of 2026. Import Prices MoM in Australia is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Import Prices QoQ is projected to trend around 0.60 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-30 01:30 AM
Import Prices QoQ
Q1 0.1% 0.9% -0.6% 0.7%
2026-07-30 01:30 AM
Import Prices QoQ
Q2 5.7% 0.1% 0.0% 0.2%
2026-10-29 12:30 AM
Import Prices QoQ
Q3 5.7% 1.4%


Related Last Previous Unit Reference
Commodity Prices YoY 15.40 14.60 percent Jul 2026
CPI 102.03 102.09 points Jun 2026
Core Consumer Prices 107.39 107.09 points Jun 2026
RBA Trimmed Mean CPI YoY 3.60 3.60 percent Jun 2026
CPI Housing Utilities 104.27 103.80 points Jun 2026
CPI Transportation 98.64 101.36 points Jun 2026
Export Prices 160.30 158.60 points Jun 2026
Export Prices 1.10 0.50 percent Jun 2026
Food Inflation 3.30 3.30 percent Jun 2026
GDP Chain Price Index 105.80 105.00 points Mar 2026
GDP Deflator 105.80 105.50 points Mar 2026
Import Prices 143.20 135.50 points Jun 2026
Import Prices 5.70 0.10 percent Jun 2026
Consumer Inflation Expectations 4.70 5.50 percent Jul 2026
Inflation Rate YoY 3.80 4.00 percent Jun 2026
Inflation Rate MoM -0.10 -0.70 percent Jun 2026
TD-MI Inflation Gauge MoM 1.00 -0.40 percent Jul 2026
PPI 1.30 0.40 percent Jun 2026
Producer Prices 140.00 138.20 points Jun 2026
PPI YoY 3.60 3.00 percent Jun 2026
Rent Inflation 3.60 3.60 percent Jun 2026
Services Inflation 4.00 3.70 percent Jun 2026
RBA Trimmed Mean CPI QoQ 0.80 0.80 percent Jun 2026
RBA Weighted Median CPI 0.30 0.90 percent Jun 2026
RBA Weighted Median CPI YoY 3.70 3.50 percent Jun 2026


Australia Import Prices QoQ
In Australia, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.
Actual Previous Highest Lowest Dates Unit Frequency
5.70 0.10 12.80 -6.40 1981 - 2026 percent Quarterly
NSA

News Stream
Australia Q2 Import Prices Post Biggest Gain in 4-1/2 Years
Australia's import prices surged 5.7% quarter-on-quarter in Q2 2026, far exceeding market expectations for a flat reading and accelerating sharply from a 0.1% increase in Q1. The latest result marked the third consecutive quarterly rise and the strongest pace since Q4 2021. The upturn was driven primarily by petroleum and related products (47.1%), as the closure of the Strait of Hormuz disrupted global supply and pushed up oil prices. Fertilisers (25.1%) also recorded strong gains amid higher urea prices, while plastics in primary forms (26.3%) increased on firmer polyethylene prices. Higher crude oil and petrochemical costs continued to filter through supply chains, raising production costs for plastic manufacturers. Partly offsetting these increases was a 9.1% decline in non-monetary gold, as expectations of tighter monetary policy and higher bond yields outweighed safe-haven demand, weighing on gold prices during the quarter.
2026-07-30
Australia Import Prices Slow in Q1
Australia's import prices edged up by 0.1% quarter-on-quarter in Q1 2026, defying the expected 0.6% fall, though marking a slowdown from a 0.9% rise in Q4 2025. The softer growth was largely due to a 5.1% drop in the cost of office and ADP equipment, reflecting the appreciation of the Australian dollar, which has made imported goods cheaper. Road vehicle prices also declined by 1.1%, weighed down by annual pricing adjustments for existing models. In contrast, prices for petroleum and related products surged 9.8%, as disruptions linked to the closure of the Strait of Hormuz constrained global supply and pushed oil prices higher. Non-monetary gold prices also jumped 10.7%, underpinned by sustained demand from investors and central banks seeking safe-haven assets amid heightened geopolitical tensions and economic uncertainty. Similarly, non-ferrous metals rose sharply by 16.5%, driven in part by a rally in silver prices, as market volatility boosted demand for safe-haven assets.
2026-04-30
Australia Q4 Import Prices Unexpectedly Rise
Australia’s import prices increased 0.9% quarter-on-quarter in Q4 2025, defying market expectations of a 0.2% decline and reversing a 0.4% fall in Q3. It also marked the first increase in three quarters, as gold, non-monetary, surged 19.7% on safe-haven demand as investors and central banks built reserves. Meanwhile, crude fertilisers and minerals jumped 42.5% after sulphur hit record highs amid supply constraints and strong clean energy and agricultural demand. Metalliferous ores and scrap climbed 11.5%, driven by reduced zinc output from Chinese smelters and depleted inventories. Also, road vehicle prices rose 2.9% following annual reviews that lifted import costs. In contrast, telecom equipment prices fell 4.5%, as quality gains in new models and cheaper imports of older phones offset higher list prices. Overall, the rebound highlights commodity-led pressures on Australia’s trade costs, even as select sectors like technology provided relief.
2026-01-29