The trimmed mean measure of core inflation favored by the Reserve Bank of Australia (RBA) rose to 2.1 percent year-on-year in the third quarter of 2021, well above market expectations of 1.8 percent and putting it back in the central bank's 2-3 percent target range for the first time in six years. source: Australian Bureau of Statistics

Core Inflation Rate in Australia averaged 3.50 percent from 1983 until 2021, reaching an all time high of 10.70 percent in the first quarter of 1983 and a record low of 1.10 percent in the third quarter of 2020. This page provides - Australia Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Trimmed Mean Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Core Inflation Rate in Australia is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Trimmed Mean Inflation Rate is projected to trend around 1.60 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Australia Trimmed Mean Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-07-28 01:30 AM Q2 1.6% 1.1% 1.6%
2021-10-27 12:30 AM Q3 2.1% 1.6% 1.8%
2022-01-25 12:30 AM Q4 2.1%

Related Last Previous Unit Reference
Inflation Rate 3.00 3.80 percent Sep/21
Inflation Rate Mom 0.80 0.80 percent Sep/21
Consumer Price Index CPI 119.70 118.80 points Sep/21
Core Inflation Rate 2.10 1.60 percent Sep/21
Core Consumer Prices 119.76 118.92 points Sep/21
GDP Deflator 107.36 105.94 points Sep/21
Producer Prices 114.90 113.60 points Sep/21
Producer Prices Change 2.90 2.20 percent Sep/21
Export Prices 145.80 137.30 points Sep/21
Import Prices 113.90 108.10 points Sep/21
Food Inflation 1.30 0.70 percent Sep/21
CPI Transportation 113.40 109.90 points Sep/21
CPI Housing Utilities 123.40 121.30 points Sep/21
Australia Trimmed Mean Inflation Rate
In Australia, the Trimmed mean is calculated as the weighted mean of the central 70 percent of the quarterly price change distribution of all CPI components, with the annual rates based on compounded quarterly calculations.