Australia’s annual inflation held at 3.8% in January 2026, unchanged from the prior month but topped market forecasts of 3.7%, remaining outside the central bank’s 2–3% target. Services inflation eased to 3.9% from December's two-year high of 4.1%, partly due to lower pharmaceutical prices after the cut in the standard medicine fee. Meanwhile, goods inflation accelerated (3.8% vs 3.4%), driven by a sharp rise in electricity costs (32.2% vs 21.5%) as state rebates expired. Price growth stayed broad-based, with continued rises in food and non-alcoholic drinks (3.1% vs 3.4%), alcohol and tobacco (5.0% vs 4.9%), clothing (5.3% vs 3.4%), housing (6.8% vs 5.5%), furnishings (1.4% vs 2.0%), transport (1.1% vs 1.6%), communication (1.4% vs 1.1%), recreation (3.6% vs 4.4%), education (5.4% vs 5.4%), and financial services (2.4% vs 2.5%). The trimmed mean CPI edged up to 3.4% yoy, above both the prior figure and consensus of 3.3%. Monthly, the CPI rose 0.4%, slowing from a 1.0% gain in December. source: Australian Bureau of Statistics

Inflation Rate in Australia remained unchanged at 3.80 percent in January. Inflation Rate in Australia averaged 3.10 percent from 2025 until 2026, reaching an all time high of 3.80 percent in October of 2025 and a record low of 1.90 percent in June of 2025. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Inflation Rate in Australia remained unchanged at 3.80 percent in January. Inflation Rate in Australia is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Inflation Rate is projected to trend around 2.30 percent in 2027 and 2.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-28 12:30 AM
Inflation Rate YoY
Dec 3.8% 3.4% 3.6% 3.6%
2026-02-25 12:30 AM
Inflation Rate YoY
Jan 3.8% 3.8% 3.7% 3.7%
2026-03-25 12:30 AM
Inflation Rate YoY
Feb 3.8%

Components Last Previous Unit Reference
Food Inflation 3.10 3.40 percent Jan 2026

Related Last Previous Unit Reference
CPI 101.33 100.97 points Jan 2026
Core Consumer Prices 105.87 105.54 points Jan 2026
RBA Trimmed Mean CPI YoY 3.40 3.30 percent Jan 2026
CPI Clothing and Footwear 101.04 98.20 points Jan 2026
CPI Education 100.01 100.05 points Jan 2026
CPI Food and Non-Alcoholic Beverages 101.42 100.91 points Jan 2026
CPI Housing Utilities 102.60 100.42 points Jan 2026
CPI Recreation and Culture 102.48 106.05 points Jan 2026
CPI Transportation 99.93 100.62 points Jan 2026
Export Prices 157.80 152.90 points Dec 2025
GDP Deflator 104.30 102.90 points Sep 2025
Import Prices 135.40 134.20 points Dec 2025
Inflation Rate YoY 3.80 3.80 percent Jan 2026
Inflation Rate MoM 0.40 1.00 percent Jan 2026
Producer Prices 137.70 136.60 points Dec 2025
PPI YoY 3.50 3.50 percent Dec 2025
Quarterly CPI 100.32 99.73 points Dec 2025
Quarterly Inflation Rate QoQ 0.60 1.30 percent Dec 2025
Quarterly Inflation Rate YoY 3.60 3.20 percent Dec 2025
RBA Trimmed Mean CPI MoM 0.30 0.20 percent Jan 2026
RBA Trimmed Mean CPI QoQ 0.90 1.00 percent Dec 2025
Quarterly RBA Trimmed Mean CPI YoY 3.40 3.00 percent Dec 2025
RBA Weighted Median CPI 0.30 0.30 percent Jan 2026
RBA Weighted Median CPI YoY 3.60 3.60 percent Jan 2026


Australia Inflation Rate
In Australia, the most important categories in the consumer price index are housing (23 percent of the total weight), food and non–alcoholic beverages (17 percent), transport (11 percent), furnishings, household equipment and services (9 percent), alcohol and tobacco (9 percent), recreation and culture (9 percent), health (7 percent) and insurance and financial services (6 percent). Clothing and footwear, education and communication account for remaining 10 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.80 3.80 1.90 2025 - 2026 percent Monthly
NSA

News Stream
Australia Inflation Rate Slightly Above Estimates
Australia’s annual inflation held at 3.8% in January 2026, unchanged from the prior month but topped market forecasts of 3.7%, remaining outside the central bank’s 2–3% target. Services inflation eased to 3.9% from December's two-year high of 4.1%, partly due to lower pharmaceutical prices after the cut in the standard medicine fee. Meanwhile, goods inflation accelerated (3.8% vs 3.4%), driven by a sharp rise in electricity costs (32.2% vs 21.5%) as state rebates expired. Price growth stayed broad-based, with continued rises in food and non-alcoholic drinks (3.1% vs 3.4%), alcohol and tobacco (5.0% vs 4.9%), clothing (5.3% vs 3.4%), housing (6.8% vs 5.5%), furnishings (1.4% vs 2.0%), transport (1.1% vs 1.6%), communication (1.4% vs 1.1%), recreation (3.6% vs 4.4%), education (5.4% vs 5.4%), and financial services (2.4% vs 2.5%). The trimmed mean CPI edged up to 3.4% yoy, above both the prior figure and consensus of 3.3%. Monthly, the CPI rose 0.4%, slowing from a 1.0% gain in December.
2026-02-25
Australia Inflation Rate Above Forecasts
Australia’s annual inflation climbed to 3.8% in December 2025 from November's 3-month low of 3.4%, surpassing market forecasts of 3.6% and remaining above the RBA’s 2–3% target. Services inflation hit a two-year high (4.1% vs. 3.6% in November), driven by year-end holiday travel and accommodation, as well as elevated rents. Meantime, goods inflation edged higher (3.4% vs 3.3%), due to a faster rise in electricity cost (21.5% vs 19.7%) as some state rebates expired. Price pressures remained broad-based, with continued increases in food and non-alcoholic drinks (3.4% vs 3.3%), alcohol and tobacco (4.9% vs 4.3%), clothing (3.4% vs 5.1%), furnishings (2.0% vs 1.3%), health (3.6% vs 3.6%), transport (1.6% vs 2.7%), communication (1.1% vs 1.3%), recreation (4.4% vs 3.0%), education (5.4% vs 5.4%), and financial services (2.5% vs 2.5%). The trimmed mean CPI inched up to 3.3% yoy from the prior 3.2%, in line with estimates. Monthly, the CPI rose 1.0%, picking up from a flat print in November.
2026-01-28
Australia Inflation Rate Hits 3-Month Low
Australia’s annual inflation slowed to 3.4% in November 2025 from 3.8% in October, below market forecasts of 3.7%, and remained above the RBA’s 2–3% target. It marked the lowest inflation since August, with housing prices rising at the slowest pace in three months (5.2% vs 5.9%) amid easing electricity prices (19.7% vs 37.1%) following the expiry of government rebates. Prices also moderated for alcohol and tobacco (4.3% vs 4.4%), clothing (5.1% vs 5.4%), furnishings (1.3% vs 2.1%), health (3.6% vs 4.0%), and recreation (2.0% vs 3.2%). Inflation was steady for transport (2.7%), education (5.4%), and financial services (2.5%), while food inflation (3.3% vs 3.2%) and communication (1.3% vs 0.8%) both accelerated. Trimmed mean CPI eased to 3.2% yoy from October’s 8-month high of 3.3%. Monthly, the CPI was flat. Since last November, Australia has transitioned from the quarterly CPI to the full monthly series as its primary gauge of inflation, with the series extending back to April 2024.
2026-01-07