The annual inflation rate in Australia fell to 3.0% in Q3 2021 from a 12-1/2-year high of 3.8% in Q2 and compared with market estimates of 3.1%, amid continued effects of the unwinding of free childcare in 2020. Prices slowed for transport (10.4% vs 10.7% in Q2), alcohol & tobacco (4.4% vs 6.7%), furnishings (6.0% vs 16.9%), and recreation (2.3% vs 2.5%). At the same time, cost of communication fell further (-1.0% vs -1.3%). In contrast, prices went up faster for food (1.3% vs 0.7%), health (4.9% vs 4.8%), and insurance & financial services (1.1% vs 0.6%). Also, housing prices rose 1.6% after a 0.2% fall in Q2. On a quarterly basis, consumer prices went up 0.8% in Q3, the same as in Q2, on rising construction input cost due to supply disruptions and higher automotive fuel prices with the CPI's automotive fuel series hitting its highest in a half-century. RBA Trimmed Mean CPI rose 2.1% yoy in Q3, the most since Q4 2015, after a 1.6% rise in Q2.Quarter-on-quarter, the index rose 0.7%. source: Australian Bureau of Statistics

Inflation Rate in Australia averaged 4.87 percent from 1951 until 2021, 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. 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 October of 2021.

Inflation Rate in Australia is expected to be 2.40 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 2.10 percent in 2022, according to our econometric models.

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Australia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-28 01:30 AM Q2 3.8% 1.1% 3.8% 4%
2021-10-27 12:30 AM Q3 3% 3.8% 3.1% 2.8%


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 107.70 105.10 points Jun/21
Producer Prices 113.60 112.80 points Jun/21
Producer Prices Change 2.20 0.20 percent Jun/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

News Stream
Australia Q3 Inflation Rate Eases More than Expected
The annual inflation rate in Australia fell to 3.0% in Q3 2021 from a 12-1/2-year high of 3.8% in Q2 and compared with market estimates of 3.1%, amid continued effects of the unwinding of free childcare in 2020. Prices slowed for transport (10.4% vs 10.7% in Q2), alcohol & tobacco (4.4% vs 6.7%), furnishings (6.0% vs 16.9%), and recreation (2.3% vs 2.5%). At the same time, cost of communication fell further (-1.0% vs -1.3%). In contrast, prices went up faster for food (1.3% vs 0.7%), health (4.9% vs 4.8%), and insurance & financial services (1.1% vs 0.6%). Also, housing prices rose 1.6% after a 0.2% fall in Q2. On a quarterly basis, consumer prices went up 0.8% in Q3, the same as in Q2, on rising construction input cost due to supply disruptions and higher automotive fuel prices with the CPI's automotive fuel series hitting its highest in a half-century. RBA Trimmed Mean CPI rose 2.1% yoy in Q3, the most since Q4 2015, after a 1.6% rise in Q2.Quarter-on-quarter, the index rose 0.7%.
2021-10-27
Australia Q2 Inflation Rate Highest in Over 13 Years
The annual inflation rate in Australia jumped to 3.8% in Q2 2021 from 1.1% in Q1 and matching market consensus. This was the highest reading since Q3 2008, reflecting some base effects following the introduction of free child care and a record fall in fuel prices in Q2 2020. Main upward pressure came from transport (10.7% vs 0.4% in Q1), food (0.7% vs 0.7%), alcohol & tobacco (6.7% vs 7.9%), furnishings (16.9% vs 2.7%), health (4.8% vs 3%), recreation (2.5% vs 1.5%), education (3.7% vs -0.1%), and insurance & financial services (0.6% vs 0.6%). In addition, cost fell at slower paces for both housing (-0.2% vs -1.1%), and communication (-1.3% vs -1.9%). On a quarterly basis, consumer prices went up 0.8%, after a 0.6% gain in Q1, above forecasts of 0.8%, driven by automotive fuel, medical and hospital services, and electricity. RBA Trimmed Mean CPI rose 1.6% yoy in Q2, the most since Q1 2020, after a 1.1% rise in Q1.Quarter-on-quarter, the index rose 0.5% after gaining 0.3% in Q1.
2021-07-28
Australia Q1 Inflation Rate Highest in a Year
The annual inflation rate in Australia rose to 1.1% in Q1 2021 from 0.9% in Q4 and compared with market consensus of 1.4%. This was the highest reading since Q1 2020, amid a rise in tobacco excise; resetting of the Medicare and Pharmaceutical Benefits; the introduction, continuation, and conclusion of a number of government schemes; and home building grants. Prices increased for food (0.7% vs 2.3% in Q4), alcohol & tobacco (7.9% vs 9.3%), furnishings (2.7% vs 3.6%), health (3% vs 2.6%), transport (0.4% vs -4.6%), recreation (1.5% vs flat reading), and insurance & financial services (0.6% vs 1.2%). In contrast, cost fell further for housing(-1.1% vs -0.9%), education (-0.1% vs 2.1%), and communication (-1.9% vs -2.7%). On a quarterly basis, consumer prices went up 0.6%, the least in three quarters, below forecasts of 0.9%. RBA Trimmed Mean CPI rose 1.1% yoy in Q1, the least on record, after a 1.2% rise in Q4. Quarter-on-quarter, the index rose 0.3% after gaining 0.4% in Q4.
2021-04-28

Australia Inflation Rate
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.