The annual inflation rate in Australia climbed to 4.1% in Q1 2026 from 3.6% in the previous period but slightly below expectations of 4.2%. This marked the highest level since Q4 2023 and well above the central bank’s 2–3% target, as the war in the Middle East drove up energy costs. On a quarterly basis, consumer prices rose 1.4%, accelerating from a 0.6% gain in Q4 and marking the steepest increase since Q1 2023. Meanwhile, the trimmed mean measure of core inflation, which excludes the most volatile components such as fuel, edged up to 3.5% from 3.4%. The quarterly figure rose 0.8%, slightly below expectations of a 0.9% increase. source: Australian Bureau of Statistics
Quarterly Inflation Rate YoY in Australia increased to 4.10 percent in the first quarter of 2026 from 3.60 percent in the fourth quarter of 2025. Quarterly Inflation Rate YoY in Australia averaged 4.92 percent from 1949 until 2026, reaching an all time high of 25.60 percent in the fourth quarter of 1951 and a record low of -0.70 percent in the second quarter of 1962. Australia Quarterly Inflation Rate YoY - values, historical data and charts - was last updated on May of 2026.