The annual inflation rate in Australia inched higher to 1.7 percent in the September quarter of 2019 from 1.6 percent in the previous period and in line with market expectations. This was the highest inflation rate since the fourth quarter last year, mainly due to a rebound in cost of furnishings, household equipment and services while transport prices slowed markedly. On a quarterly basis, consumer prices increased by 0.5 percent in the third quarter, easing from a 0.6 percent gain the prior period and also matching consensus.
Inflation Rate in Australia averaged 4.96 percent from 1951 until 2019, 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. source: Australian Bureau of Statistics
Inflation Rate in Australia is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Australia to stand at 2.00 in 12 months time. In the long-term, the Australia Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.