Australia Inflation Rate  1951-2017 | Data | Chart | Calendar | Forecast

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. On a quarterly basis, consumer prices rose 0.5 percent, the same as in the previous quarter but slightly below market expectations of a 0.6 percent increase. The most significant price rises this quarter are automotive fuel (5.7 percent), new dwelling purchase by owner-occupiers (1.0 percent), medical and hospital services (1.6 percent) and electricity (2.5 percent). These rises were partially offset by falls in international holiday travel and accommodation (-3.8 percent), fruit (-6.7 percent) and furniture (-3.5 percent). Inflation Rate in Australia averaged 5.07 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
Receive the next reported value for Australia Inflation Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-26 12:30 AM Q3 1.3% 1% 1.1% 1.1%
2017-01-25 12:30 AM Q4 1.5% 1.3% 1.6% 1.5%
2017-04-26 01:30 AM Q1 2.1% 1.5% 2.2% 1.9%
2017-07-26 01:30 AM Q2 2.1% 1.6%
2017-10-25 12:30 AM Q3 2.1% 1.7%




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.

Year-on-year, cost increased for: food and non-alcoholic beverages (1.8 percent from 1.8 percent in the December quarter 2016), alcohol and tobacco (6.1 percent from 5.9 percent), clothing and footwear (0.3 percent from -0.9 percent), housing (2.5 percent from 1.9 percent), health (3.8 percent from 3.7 percent), transport (3.8 percent from -0.3 percent), education (3.3 percent from 3.3 percent) and insurance and financial services (2.7 percent from 2.7 percent). In contrast, cost declined for: furnishing, household equipment and services (-0.1 percent from 0.6 percent), communication (-4.8 percent from -5.9 percent) and recreation and culture (-0.2 percent from -0.5 percent)  

RBA Trimmed Mean CPI rose 1.9 percent year-on-year in the first quarter 2017, after gaining 1.6 percent in the preceding quarter and slightly above consensus of a 1.8 percent gain. Quarter-on-quarter, the index increased 0.5 percent, the same as an upwardly revised figure in the December quarter and in line with market estimates. RBA Weighted Mean CPI rose 1.7 percent year-on-year in the three months to March 2017, up from a downwardly revised 1.4 percent growth in the fourth quarter and slightly below expectations of a 1.8 percent rise. 

On a quarterly basis, consumer prices rose 0.5 percent, the same as in the previous quarter but slightly  below market expectations of a 0.6 percent increase. The most significant price rises this quarter are automotive fuel (5.7 percent), new dwelling purchase by owner-occupiers (1.0 percent), medical and hospital services (1.6 percent) and electricity (2.5 percent). These rises were partially offset by falls in international holiday travel and accommodation (-3.8 percent), fruit (-6.7 percent) and furniture (-3.5 percent). 

ABS | Rida Husna | rida@tradingeconomics.com
4/26/2017 9:31:41 AM



Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.10 1.50 23.90 -1.30 percent [+]
Inflation Rate Mom 0.50 0.50 7.55 -1.54 percent [+]
Consumer Price Index CPI 110.50 110.00 110.50 4.20 Index Points [+]
Core Consumer Prices 111.65 111.27 111.65 75.47 Index Points [+]
Core Inflation Rate 1.90 1.60 10.70 1.60 percent [+]
GDP Deflator 103.06 101.16 103.06 6.57 Index Points [+]
Producer Prices 107.30 106.80 107.30 70.70 Index Points [+]
Producer Prices Change 1.30 0.70 6.30 -1.50 percent [+]
Export Prices 94.10 86.00 112.20 16.30 Index Points [+]
Import Prices 103.90 102.70 116.30 51.50 Index Points [+]
Food Inflation 1.80 1.80 20.60 -3.20 percent [+]
Inflation Expectations 4.00 4.10 8.60 2.80 percent [+]


Australia Inflation Rate Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.50 23.90 -1.30 1951 - 2017 percent Quarterly
2011/2012=100



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 4.08 Apr/17
Canada 1.60 Apr/17
China 1.20 Apr/17
Euro Area 1.90 Apr/17
France 1.20 Apr/17
Germany 2.00 Apr/17
India 2.99 Apr/17
Indonesia 4.17 Apr/17
Italy 1.90 Apr/17
Japan 0.40 Apr/17
Mexico 5.82 Apr/17
Netherlands 1.60 Apr/17
Russia 4.10 Apr/17
South Korea 1.90 Apr/17
Spain 2.60 Apr/17
Switzerland 0.40 Apr/17
Turkey 11.87 Apr/17
United Kingdom 2.70 Apr/17
United States 2.20 Apr/17