Australia Inflation Rate  1951-2018 | Data | Chart | Calendar | Forecast

Consumer prices in Australia rose 1.9 percent through the year to the December quarter of 2017, following a 1.8 percent rise in the previous quarter and compared with market consensus of a 2.0 percent rise. Cost of housing and transport increased at faster paces while cost of food fell much less. Inflation Rate in Australia averaged 5.04 percent from 1951 until 2017, reaching an all time high of 23.90 percent in the fourth quarter of 1951 and a record low of -1.30 percent in the second quarter of 1962.

Australia Inflation Rate
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Australia Inflation Rate Edges Up to 1.9% in Q4


Consumer prices in Australia rose 1.9 percent through the year to the December quarter of 2017, following a 1.8 percent rise in the previous quarter and compared with market consensus of a 2.0 percent rise. Cost of housing and transport increased at faster paces while cost of food fell much less.

Year-on-year, cost went up at a faster rate for: alcohol and tobacco (7.3 percent from 7.0 percent in the September quarter); housing (3.4 percent from 3.3 percent); health (4.0 percent from 3.9 percent);  transport (3.3 percent from 2.7 percent) and education (3.2 percent from 3.1 percent).  Meantime, cost rose less for insurance and financial services (1.3 percent from 1.8 percent) while inflation was steady for recreation and culture (0.6 percent).

On the other hand, cost fell for: food and non-alcoholic beverages (-0.2 percent from -0.7 percent); clothing and footwear (-3.0 percent from -3.2 percent); furnishing, household equipment and services (-0.8 percent from -0.8 percent) and communication (-3.4 percent from -2.9 percent). 

RBA Trimmed Mean CPI rose 1.8 percent year-on-year in the fourth quarter, the same as in the prior quarter and slightly below expectations of a 1.9 percent gain. Quarter-on-quarter, the index increased by 0.4 percent, similar from the June quarter's figure while market estimated a 0.5 percent increase. RBA Weighted Mean CPI rose 2.0 percent year-on-year in the three months to December, compared to a 1.9 percent growth in Q3 and slightly above expectations of a 2.0 percent rise.

On a quarterly basis, consumer prices rose 0.6 percent, the same as in the third while markets estimated a 0.7 percent increase. The most significant price rises this quarter are automotive fuel (10.4 percent), tobacco (8.5 percent), domestic holiday travel and accommodation (6.3 percent) and fruit (9.3 percent). The most significant offsetting price falls were international holiday travel and accommodation (-1.7 percent), audio visual and computing equipment (-3.5 percent), and telecommunication equipment and services (-1.4 percent).


ABS l Rida Husna | rida@tradingeconomics.com
1/31/2018 1:20:05 AM


Recent Releases

Australia Inflation Rate Below Expectations in Q3
Consumer prices in Australia rose 1.8 percent through the year to the September quarter of 2017, following a 1.9 percent in the second quarter and missing market consensus of a 2.0 percent rise. It was the lowest inflation rate since the December quarter 2016, mainly due to a drop in prices of food while cost of housing and transport continued to increase.
Published on 2017-10-25

Australia Inflation Rate Edges Down To 1.9% In Q2
Consumer prices in Australia rose 1.9 percent through the year to the June quarter of 2017 from 2.1 percent in the first quarter and below market consensus of a 2.2 percent rise. The inflation rate edged lower from the 2-1/2 year high in Q1, mainly due to a slowdown in cost of housing and transport.
Published on 2017-07-26

Australia Inflation Rate At 2-1/2-Year High Of 2.1% In Q1
Consumer prices in Australia rose 2.1 percent through the year to the March quarter of 2017 from 1.5 percent in the fourth quarter 2016 while markets expected a 2.2 percent rise. It was the highest inflation rate since the September quarter 2014, driven by a surge in cost of transport and an increase in cost of food and non-alcoholic beverages and housing.
Published on 2017-04-26

Australia Inflation Rate Slightly Below Estimates in Q4
Consumer prices in Australia rose 1.5 percent through the year to the fourth quarter of 2016 from 1.3 percent in the September quarter while markets expected a 1.6 percent rise. It was the highest inflation rate since the December quarter 2015, as a faster increase in prices of food and housing offset a drop in cost of transport.
Published on 2017-01-25



Calendar GMT Actual Previous Consensus TEForecast
2017-07-26 01:30 AM Inflation Rate YoY 1.9% 2.1% 2.2% 2%
2017-10-25 12:30 AM Inflation Rate YoY 1.8% 1.9% 2% 2.1%
2018-01-31 12:30 AM Inflation Rate YoY 1.9% 1.8% 2% 1.9%
2018-04-24 01:30 AM Inflation Rate YoY 1.9% 2% 2%
2018-07-25 01:30 AM Inflation Rate YoY 2.2%
2018-10-31 12:30 AM Inflation Rate YoY 2.3%


Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.80 23.90 -1.30 percent [+]
Inflation Rate Mom 0.60 0.60 7.55 -1.54 percent [+]
Consumer Price Index CPI 112.10 111.40 112.10 4.20 Index Points [+]
Core Consumer Prices 113.06 112.62 113.06 75.47 Index Points [+]
Core Inflation Rate 1.80 1.80 10.70 1.60 percent [+]
GDP Deflator 104.93 104.46 105.39 6.59 Index Points [+]
Producer Prices 108.60 108.00 108.60 70.70 Index Points [+]
Producer Prices Change 1.70 1.60 6.30 -1.50 percent [+]
Export Prices 90.30 87.80 112.20 16.30 Index Points [+]
Import Prices 104.10 102.10 116.30 51.50 Index Points [+]
Food Inflation -0.20 -0.70 20.60 -3.20 percent [+]
Inflation Expectations 3.60 3.70 8.60 2.80 percent [+]
CPI Housing Utilities 119.80 119.40 119.80 10.30 Index Points [+]
CPI Transportation 102.70 100.30 104.20 11.30 Index Points [+]


Australia Inflation Rate

In Australia, the most important categories in the consumer price index are housing (22.3 percent of the total weight), food and non–alcoholic beverages (16.8 percent), recreation and culture (12.6 percent), transport (11.6 percent), furnishings, household equipment and services (9.1 percent), alcohol and tobacco (7.1 percent), health (5.3 percent) and insurance and financial services (5.1 percent). Clothing and footwear, education and communication account for remaining 10.2 percent of total weight. This page provides the latest reported value for - Australia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.80 23.90 -1.30 1951 - 2017 percent Quarterly
2011/2012=100




inflation rate by Country
Country Last
Australia 1.90 Dec/17
Brazil 2.68 Mar/18
Canada 2.30 Mar/18
China 2.10 Mar/18
Euro Area 1.30 Mar/18
France 1.60 Mar/18
Germany 1.60 Mar/18
India 4.28 Mar/18
Indonesia 3.40 Mar/18
Italy 0.80 Mar/18
Japan 1.10 Mar/18
Mexico 5.04 Mar/18
Netherlands 1.00 Mar/18
Russia 2.40 Mar/18
South Korea 1.30 Mar/18
Spain 1.20 Mar/18
Switzerland 0.80 Mar/18
Turkey 10.23 Mar/18
United Kingdom 2.50 Mar/18
United States 2.40 Mar/18


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