The inflation rate in Australia rose 0.7 percent quarter-on-quarter in the three months ended in December 2019, following a 0.5 percent gain in the previous period and above market expectations of a 0.6 percent increase. It was the highest inflation rate since the third quarter of 2016, boosted by higher prices of tobacco (+8.4 percent), domestic holiday, travel and accommodation (+7.3 percent), automotive fuel (+4.4 percent), and fruit (+6.8 percent). Australia Inflation Rate QoQ - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Inflation Rate Mom in Australia averaged 1.21 percent from 1950 until 2019, reaching an all time high of 7.55 percent in the fourth quarter of 1951 and a record low of -1.54 percent in the fourth quarter of 1953. This page provides - Australia Inflation Rate QoQ - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Australian Bureau of Statistics
Inflation Rate Mom in Australia is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Australia to stand at 0.50 in 12 months time. In the long-term, the Australia Inflation Rate QoQ is projected to trend around 0.70 percent in 2021 and 1.00 percent in 2022, according to our econometric models.