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

Consumer prices in Australia rose 1.9 percent through the year to the June quarter of 2017 from 2.1 percent in Q1 of 2017 while markets expected 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. On a quarterly basis, consumer prices rose 0.2 percent, below 0.5 percent in Q1 and short of market expectations of a 0.4 percent increase. The most significant price rises this quarter are medical and hospital services (4.1 percent), tobacco (1 percent), beer (1 percent) and new dwelling purchase by owner-occupiers (0.9 percent). These rises were partially offset by falls in domestic holiday travel & accommodation (-3.2 percent), fruit (-4.4 percent) and automotive fuel (-2.5 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
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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.

Year-on-year, cost increased at a slower pace for: housing (2.4 percent from 2.5 percent in Q1), transport (2.1 percent from 3.8 percent) and insurance and financial services (2.1 percent from 2.7 percent). Cost went up more than in the prior quarter for food and non-alcoholic beverages (1.9 percent from 1.8 percent) while were steady for: alcohol and tobacco (5.9 percent), health (3.8 percent) and education (3.3 percent). In contrast, cost fell for: clothing and footwear (-1.9 percent from 0.3 percent); communication (-3.8 percent from -4.8 percent) and recreation and culture (-0.1 percent from -0.2 percent). Cost was flat for furnishing, household equipment and services (from -0.1 percent in the prior three months), 

RBA Trimmed Mean CPI rose 1.8 percent year-on-year in the second quarter 2017, after gaining 1.9 percent in the preceding quarter and consistent with the market consensus. Quarter-on-quarter, the index increased 0.5 percent, the same as in the March quarter and in line with market estimates. RBA Weighted Mean CPI rose 1.8 percent year-on-year in the three months to June 2017, up from a 1.7 percent growth in Q1 and slightly above expectations of a 1.7 percent rise.

On a quarterly basis, consumer prices rose 0.2 percent, below 0.5 percent in Q1 and short of market expectations of a 0.4 percent increase. It was the lowest figure since the March quarter 2016. The most significant price rises this quarter are medical and hospital services (4.1 percent), tobacco (1 percent), beer (1 percent) and new dwelling purchase by owner-occupiers (0.9 percent). These rises were partially offset by falls in domestic holiday travel & accommodation (-3.2 percent), fruit (-4.4 percent) and automotive fuel (-2.5 percent).

ABS | Charles | charles@tradingeconomics.com
7/26/2017 2:30:15 AM



Calendar GMT Actual Previous Consensus Forecast (i)
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 1.9% 2.1% 2.2% 2%
2017-10-25 12:30 AM Q3 1.9% 2%


Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 2.10 23.90 -1.30 percent [+]
Inflation Rate Mom 0.20 0.50 7.55 -1.54 percent [+]
Consumer Price Index CPI 110.70 110.50 110.70 4.20 Index Points [+]
Core Consumer Prices 112.23 111.67 112.23 75.47 Index Points [+]
Core Inflation Rate 1.80 1.80 10.70 1.60 percent [+]
GDP Deflator 105.17 103.09 105.17 6.57 Index Points [+]
Producer Prices 107.80 107.30 107.80 70.70 Index Points [+]
Producer Prices Change 1.70 1.30 6.30 -1.50 percent [+]
Export Prices 90.50 96.00 112.20 16.30 Index Points [+]
Import Prices 103.80 103.90 116.30 51.50 Index Points [+]
Food Inflation 1.90 1.80 20.60 -3.20 percent [+]
Inflation Expectations 4.20 4.40 8.60 2.80 percent [+]
CPI Housing Utilities 117.20 116.80 117.20 10.30 Index Points [+]
CPI Transportation 100.30 100.90 104.20 11.30 Index Points [+]


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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.10 23.90 -1.30 1951 - 2017 percent Quarterly
2011/2012=100



inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.71 Jul/17
Canada 1.20 Jul/17
China 1.40 Jul/17
Euro Area 1.30 Jul/17
France 0.70 Jul/17
Germany 1.70 Jul/17
India 2.36 Jul/17
Indonesia 3.88 Jul/17
Italy 1.10 Jul/17
Japan 0.40 Jun/17
Mexico 6.44 Jul/17
Netherlands 1.30 Jul/17
Russia 3.90 Jul/17
South Korea 2.20 Jul/17
Spain 1.50 Jul/17
Switzerland 0.30 Jul/17
Turkey 9.79 Jul/17
United Kingdom 2.60 Jul/17
United States 1.70 Jul/17