The inflation Rate in Australia increased to 1.90 percent in the fourth quarter from 1.80 percent in the third quarter of 2022, marking the fourth consecutive quarter to show a rise greater than any seen since the introduction of the Goods and Services Tax in 2000. source: Australian Bureau of Statistics
Inflation Rate MoM in Australia averaged 1.20 percent from 1950 until 2022, reaching an all time high of 7.55 percent in the fourth quarter of 1951 and a record low of -1.90 percent in the second quarter of 2020. This page provides - Australia Inflation Rate QoQ - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Inflation Rate QoQ - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Inflation Rate MoM in Australia is expected to be 1.20 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 QoQ is projected to trend around 0.70 percent in 2024 and 0.50 percent in 2025, according to our econometric models.