The Consumer Price Index in Australia decreased 0.70 percent in May of 2026 over the previous month, the first decline since August 2025, compared with expectations of a 0.3% drop, with fuel prices falling 11.9% after shrinking by 7.0% in April. source: Australian Bureau of Statistics
The Consumer Price Index in Australia decreased 0.70 percent in May of 2026 over the previous month. Inflation Rate MoM in Australia averaged 0.24 percent from 2024 until 2026, reaching an all time high of 1.30 percent in July of 2025 and a record low of -0.70 percent in May of 2026. This page provides - Australia Inflation Rate QoQ - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.
The Consumer Price Index in Australia decreased 0.70 percent in May of 2026 over the previous month. Inflation Rate MoM in Australia is expected to be 1.00 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 MoM is projected to trend around 0.50 percent in 2027 and 0.40 percent in 2028, according to our econometric models.