Australia Inflation Rate  1951-2018 | Data | Chart | Calendar | Forecast

Australia's consumer price inflation rose to 2.1 percent through the year to the June quarter of 2018 from 1.9 percent in the previous two periods while markets estimated 2.2 percent. It is the highest rate since the first quarter 2017, mainly due to a jump in cost of transport. On a quarterly basis, consumer prices went up 0.4 percent, unchanged from the prior quarter and slightly below estimates of 0.5 percent. Inflation Rate in Australia averaged 5.02 percent from 1951 until 2018, 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.

Australia Inflation Rate
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Australia Q2 Inflation Rate Highest in Over a Year


Australia's consumer price inflation rose to 2.1 percent year-on-year in the second quarter of 2018 from 1.9 percent in the previous period, but slightly below market expectations of 2.2 percent. Still, it was the highest rate since the first quarter of 2017, mainly due to higher prices of fuel, electricity and tobacco.

Transport cost increased by 5.2 percent year-on-year in the second quarter of the year, following a 2.9 percet rise in the previous three-month period, driven by a jump in automotive fuel prices (16.3 percent vs 6.1 percent). Also, prices rose faster for: alcohol and tobacco (7.8 percent vs 7 percent in Q1), mainly tobacco (16.6 percent vs 14.5 percent); recreation and culture (0.8 percent vs 0.6 percent); education (2.7 percent vs 2.6 percent); and insurance and financial services (1.5 percent vs 1 percent).

On the other hand, inflation eased for food and non-alcoholic beverages (0.3 percent vs 0.5 percent); housing (3.1 percent vs 3.3 percent), of which electricity (10.4 percent vs 11.7 percent); and health (3.4 percent vs 4.2 percent). Also, prices declined further for clothing and footwear (-2 percent vs -3.5 percent) furnishings, household equipment and services (-0.5 percent vs -0.1 percent) and communication (-4.2 percent vs -3.4 percent). 

RBA Trimmed Mean CPI rose 1.9 percent year-on-year, the same as in the first quarter and matching expectations. Quarter-on-quarter, the index increased by 0.5 percent, unchanged from the prior three months and in line with estimates. RBA Weighted Mean CPI rose 1.9 percent year-on-year in the three months to June, following a 2 percent rise in the March quarter and in line with forecasts.

On a quarterly basis, consumer prices went up 0.4 percent in the second quarter, the same pace as in the previous period and slightly below market consensus of 0.5 percent. The most significant price rises were automotive fuel (6.9 percent), medical and hospital services (3.1 percent) and tobacco (2.8 percent). By contrast, price falls were observed in domestic holiday travel and accommodation (-2.7 percent), motor vehicles (-2 percent) and vegetables (-2.9 percent).


ABS | Rida | rida@tradingeconomics.com
7/25/2018 7:42:35 AM


Recent Releases

Australia Q1 Inflation Rate Steady at 1.9%
Consumer prices in Australia rose by 1.9 percent through the year to the March quarter of 2018, the same as in the previous quarter and compared with market consensus of 2 percent. Cost of housing and transport increased at a softer pace while prices of food rebounded.
Published on 2018-04-24

Australia Inflation Rate Edges Up to 1.9% in Q4
Consumer prices in Australia rose 1.9 percent through the year to the December quarter of 2017, following a 1.8 percent rise in the previous quarter and compared with market consensus of a 2.0 percent rise. Cost of housing and transport increased at faster paces while cost of food fell much less.
Published on 2018-01-31

Australia Inflation Rate Below Expectations in Q3
Consumer prices in Australia rose 1.8 percent through the year to the September quarter of 2017, following a 1.9 percent in the second quarter and missing market consensus of a 2.0 percent rise. It was the lowest inflation rate since the December quarter 2016, mainly due to a drop in prices of food while cost of housing and transport continued to increase.
Published on 2017-10-25

Australia Inflation Rate Edges Down To 1.9% In Q2
Consumer prices in Australia rose 1.9 percent through the year to the June quarter of 2017 from 2.1 percent in the first quarter and below market consensus of a 2.2 percent rise. The inflation rate edged lower from the 2-1/2 year high in Q1, mainly due to a slowdown in cost of housing and transport.
Published on 2017-07-26



Calendar GMT Actual Previous Consensus TEForecast
2018-01-31 12:30 AM Inflation Rate YoY 1.9% 1.8% 2% 1.9%
2018-04-24 01:30 AM Inflation Rate YoY 1.9% 1.9% 2% 2%
2018-07-25 01:30 AM Inflation Rate YoY 2.1% 1.9% 2.2% 2.2%
2018-10-31 12:30 AM Inflation Rate YoY 2.1% 2.1%


Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.10 1.90 23.90 -1.30 percent [+]
Inflation Rate Mom 0.40 0.40 7.55 -1.54 percent [+]
Consumer Price Index CPI 113.00 112.60 113.00 4.20 Index Points [+]
Core Consumer Prices 114.25 113.73 114.25 75.47 Index Points [+]
Core Inflation Rate 1.90 1.90 10.70 1.60 percent [+]
GDP Deflator 106.48 106.29 106.48 6.59 Index Points [+]
Producer Prices 109.40 109.10 109.40 70.70 Index Points [+]
Producer Prices Change 1.50 1.70 6.30 -1.50 percent [+]
Export Prices 96.50 94.70 112.20 16.30 Index Points [+]
Import Prices 110.00 106.60 116.30 51.50 Index Points [+]
Food Inflation 0.30 0.50 20.60 -3.20 percent [+]
Inflation Expectations 4.00 4.00 8.60 2.80 percent [+]
CPI Housing Utilities 120.80 120.60 120.80 10.30 Index Points [+]
CPI Transportation 105.50 103.80 105.50 11.30 Index Points [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.90 23.90 -1.30 1951 - 2018 percent Quarterly
2011/2012=100




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 3.00 Jul/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 0.90 Jul/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.60 Jul/18
South Africa 5.10 Jul/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.50 Jul/18
United States 2.70 Aug/18


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