Australia Inflation Rate 1951-2017 | Data | Chart | Calendar | Forecast

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. On a quarterly basis, consumer prices rose 0.6 percent, much faster than a 0.2 percent in the second quarter but below expectations of a 0.8 percent increase. Inflation Rate in Australia averaged 5.05 percent from 1951 until 2017, 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 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.

Year-on-year, cost increased at a slower pace for: education (3.1 percent from 3.3 percent in Q2) and insurance and financial services (1.8 percent from 2.1 percent). Meantime, cost rose more than in the preceding quarter for: alcohol and tobacco (7.0 percent from 5.9 percent); housing (3.3 percent from 2.4 percent); health (3.9 percent from 3.8 percent) and transport (2.7 percent from 2.1 percent), while rebounded for recreation and culture (0.6 percent from -0.1 percent).

On the other hand, cost fell for: food and non-alcoholic beverages (-0.7 percent from 1.9 percent); clothing and footwear (-3.2 percent from -1.9 percent); furnishing, household equipment and services (-0.8 percent following a flat reading in Q2) and communication (-2.9 percent from -3.8 percent).

RBA Trimmed Mean CPI rose 1.8 percent year-on-year in the third quarter, the same as in the prior quarter but below expectations of a 2.0 percent gain. Quarter-on-quarter, the index increased by 0.4 percent, after a 0.5 percent rise in the June quarter while market estimated a 0.5 percent increase. RBA Weighted Mean CPI rose 1.9 percent year-on-year in the three months to September, compared to a 1.8 percent growth in Q2 and slightly below expectations of a 2.0 percent rise.

On a quarterly basis, consumer prices rose 0.6 percent, much faster than a 0.2 percent in the second quarter but below expectations of a 0.8 percent increase. The most significant price rises this quarter are electricity (8.9 percent), tobacco (4.1 percent), international holiday travel and accommodation (4.1 percent) and new dwelling purchase by owner-occupiers (0.8 percent). The most significant offsetting price falls were vegetables (-10.9 percent), automotive fuel (-2.3 percent) and telecommunication equipment and services (-1.5 percent).

ABS l Rida Husna |
10/25/2017 5:47:17 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-04-26 01:30 AM Inflation Rate YoY 2.1% 1.5% 2.2% 1.9%
2017-07-26 01:30 AM Inflation Rate YoY 1.9% 2.1% 2.2% 2%
2017-10-25 12:30 AM Inflation Rate YoY 1.8% 1.9% 2% 2.1%
2018-01-31 12:30 AM Inflation Rate YoY 1.8%
2018-04-24 01:30 AM Inflation Rate YoY
2018-07-25 01:30 AM Inflation Rate YoY


Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.80 1.90 23.90 -1.30 percent [+]
Inflation Rate Mom 0.60 0.20 7.55 -1.54 percent [+]
Consumer Price Index CPI 111.40 110.70 111.40 4.20 Index Points [+]
Core Consumer Prices 112.62 112.23 112.62 75.47 Index Points [+]
Core Inflation Rate 1.80 1.80 10.70 1.60 percent [+]
GDP Deflator 104.38 104.37 105.39 6.59 Index Points [+]
Producer Prices 108.00 107.80 108.00 70.70 Index Points [+]
Producer Prices Change 1.60 1.70 6.30 -1.50 percent [+]
Export Prices 87.80 90.50 112.20 16.30 Index Points [+]
Import Prices 102.10 103.80 116.30 51.50 Index Points [+]
Food Inflation -0.70 1.90 20.60 -3.20 percent [+]
Inflation Expectations 3.70 3.70 8.60 2.80 percent [+]
CPI Housing Utilities 119.40 117.20 119.40 10.30 Index Points [+]
CPI Transportation 100.30 100.30 104.20 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.90 23.90 -1.30 1951 - 2017 percent Quarterly
2011/2012=100




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.80 Nov/17
Canada 1.40 Oct/17
China 1.70 Nov/17
Euro Area 1.50 Nov/17
France 1.20 Nov/17
Germany 1.80 Nov/17
India 4.88 Nov/17
Indonesia 3.30 Nov/17
Italy 0.90 Nov/17
Japan 0.20 Oct/17
Mexico 6.63 Nov/17
Netherlands 1.50 Nov/17
Russia 2.50 Nov/17
South Korea 1.30 Nov/17
Spain 1.70 Nov/17
Switzerland 0.80 Nov/17
Turkey 12.98 Nov/17
United Kingdom 3.10 Nov/17
United States 2.20 Nov/17