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.


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Australia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.60 23.90 -1.30 1951 - 2019 percent Quarterly
2011/2012=100

Calendar GMT Actual Previous Consensus TEForecast
2019-01-30 12:30 AM Q4 1.8% 1.9% 1.7% 1.8%
2019-04-24 01:30 AM Q1 1.3% 1.8% 1.5% 1.5%
2019-07-31 01:30 AM Q2 1.6% 1.3% 1.5% 1.5%
2019-10-30 12:30 AM Q3 1.7% 1.6% 1.7% 1.7%
2020-01-29 12:30 AM Q4 1.7% 1.7% 1.7%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-07-31
Australia Q2 Inflation Rate Stronger than Expected
The annual inflation rate in Australia rose to 1.6 percent in the June quarter 2019 from a 2-1/2-year low of 1.3 percent in the previous period. The latest CPI reading was above market consensus of 1.5 percent, as food inflation hit its highest in nearly five years while transport prices picked up strongly. On a quarterly basis, consumer prices increased by 0.6 percent, the strongest quarterly inflation rate in 1-1/2 years and above to expectations of 0.5 percent.

2019-04-24
Australia Q1 Inflation Rate at 2-1/2-Year Low of 1.3%
The annual inflation rate in Australia fell to 1.3 percent in the first quarter 2019 from 1.8 percent in the previous period and missing market expectations of 1.5 percent. It was the lowest inflation rate since the third quarter 2016, amid a slowdown in petrol and housing prices. On a quarterly basis, consumer prices were flat in the March quarter, the weakest quarterly inflation rate in three years, after a 0.5 percent rise in the previous three months, below market consensus of 0.2 percent.

2019-01-30
Australia Q4 Inflation Rate at Over 1-Year Low of 1.8%
Australia's consumer price inflation edged down to 1.8 percent year-on-year in the last quarter of 2018 from 1.9 percent in the previous period and above market expectations of 1.7 percent. It was the lowest inflation rate since the third quarter of 2017, mainly due to a marked slowdown in cost of transport. On a quarterly basis, consumer prices went up 0.5 percent, after a 0.4 percent rise in the September quarter and slightly above consensus of 0.4 percent. It marked the highest quarterly figure since the last quarter of 2017.


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.

Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 1.60 23.90 -1.30 percent [+]
Inflation Rate Mom 0.50 0.60 7.55 -1.54 percent [+]
Consumer Price Index CPI 115.40 114.80 115.40 4.20 points [+]
Core Consumer Prices 116.16 115.91 116.16 75.47 points [+]
Core Inflation Rate 1.60 1.60 10.70 1.60 percent [+]
GDP Deflator 105.43 104.75 105.43 6.22 points [+]
Producer Prices 112.10 111.60 112.10 70.70 points [+]
Producer Prices Change 1.60 2.00 6.30 -1.50 percent [+]
Export Prices 114.80 113.30 114.80 16.30 points [+]
Import Prices 113.50 113.10 116.30 51.50 points [+]
Food Inflation 2.30 2.40 20.60 -3.20 percent [+]
Inflation Expectations 4.70 4.00 8.60 2.80 percent [+]
CPI Housing Utilities 121.80 121.40 121.80 10.30 points [+]
CPI Transportation 107.00 107.30 107.30 11.30 points [+]