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

Consumer prices in Australia rose by 1.9 percent through the year to the March quarter of 2018, the same as in the previous quarter and compared with market consensus of 2 percent. Cost of housing and transport increased at a softer pace while prices of food rebounded. On a quarterly basis, consumer prices went up 0.4 percent, following a 0.6 percent gain in the previous period while markets estimated 0.5 percent. Inflation Rate in Australia averaged 5.03 percent from 1951 until 2018, 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 Q1 Inflation Rate Steady at 1.9%


Consumer prices in Australia rose by 1.9 percent through the year to the March quarter of 2018, the same as in the previous quarter and compared with market consensus of 2 percent. Cost of housing and transport increased at a softer pace while prices of food rebounded.

Year-on-year, cost increased less for: alcohol and tobacco (7 percent from 7.3 percent in the December quarter); housing (3.3 percent from 3.4 percent); transport (2.9 percent from 3.3 percent); education (2.6 percent from 3.2 percent) and insurance and financial services (1 percent from 1.3 percent), while inflation was steady for recreation and culture (0.6 percent). At the same time, cost of food went up 0.5 percent, rebounding from a 0.2 percent drop in the preceding quarter. It was the first food inflation since the second quarter 2017. Also, cost went up more for health (4.2 percent from 4 percent). 

On the other hand, cost continued to fall for: clothing and footwear (-3.5 percent from -3 percent); furnishing, household equipment and services (-0.1 percent from -0.8 percent) and communication (-3.4 percent from -3.4 percent). 

RBA Trimmed Mean CPI rose 1.9 percent year-on-year, compared to a 1.8 percent in the prior quarter and slightly below expectations of 2 percent. Quarter-on-quarter, the index increased by 0.5 percent, after a 0.4 percent rise in the prior three months and in line with estimates. RBA Weighted Mean CPI rose 2.0 percent year-on-year in the three months to March, similar from the December's quarter figure and slightly above expectations of 2 percent.

On a quarterly basis, consumer prices went up 0.4 percent, following a 0.6 percent gain in the previous period while markets estimated 0.5 percent. The most significant price rises this quarter were secondary education (3.3 percent), gas and other household fuels (6.0 percent), pharmaceutical products (5.6 percent), vegetables (3.7 percent) and medical and hospital services (1.5 percent). These rises were partially offset by falls in international holiday travel and accommodation (-2.4 percent), audio, visual, and computing media and services (-6.1 percent), and furniture (-2.8 percent).


ABS l Rida Husna | rida@tradingeconomics.com
4/24/2018 4:41:01 AM



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


Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.90 23.90 -1.30 percent [+]
Inflation Rate Mom 0.40 0.60 7.55 -1.54 percent [+]
Consumer Price Index CPI 112.60 112.10 112.60 4.20 Index Points [+]
Core Consumer Prices 113.73 113.06 113.73 75.47 Index Points [+]
Core Inflation Rate 1.90 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 0.50 -0.20 20.60 -3.20 percent [+]
Inflation Expectations 3.60 3.70 8.60 2.80 percent [+]
CPI Housing Utilities 120.60 119.80 120.60 10.30 Index Points [+]
CPI Transportation 103.80 102.70 104.20 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 1.90 23.90 -1.30 1951 - 2018 percent Quarterly
2011/2012=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
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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