Australia Inflation Rate  1951-2016 | Data | Chart | Calendar | Forecast

Consumer prices in Australia rose 1.3 percent through the year to the March quarter of 2016 from 1.7 percent in the previous quarter and below market consensus. RBA Trimmed Mean CPI rose 1.7 percent year-on-year in the first quarter of 2016, slowing from a 2.1 percent in the preceding quarter and below estimates of a 2.0 percent rise. Quarter-on-quarter, the index increased 0.2 percent, down from 0.6 percent in the December quarter. RBA Weighted Mean CPI rose 1.4 percent year-on-year in the March quarter 2016, easing from 1.9 percent. Quarter-on-quarter, the index rose 0.1 percent from 0.5 percent. For 2016, Australia's central bank targets core inflation of between 2.0 percent to 3.0 percent on average. Quarter-on-quarter, consumer prices unexpectedly dropped by 0.2 percent, following a 0.4 percent increase in the December quarter. It is the first decline since the fourth quarter of 2008. Inflation Rate in Australia averaged 5.13 percent from 1951 until 2016, 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. Inflation Rate in Australia is reported by the Australian Bureau of Statistics.

Australia Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.70 23.90 -1.30 1951 - 2016 percent Quarterly
2011/2012=100
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-10-28 12:30 AM Q3 1.5% 1.5% 1.7% 1.3%
2016-01-27 12:30 AM Q4 1.7% 1.5% 1.6% 1.5%
2016-04-27 01:30 AM Q1 1.3% 1.7% 1.8% 1.8%
2016-07-22 01:30 AM Q2 1.3% 1.4%
2016-10-27 11:30 PM Q3 1.3%

Australia Inflation Rate Eases to 1.3% YoY in Q1


Consumer prices in Australia rose 1.3 percent through the year to the March quarter of 2016 from 1.7 percent in the previous quarter and below market consensus. On a quarterly basis, consumer prices unexpectedly dropped by 0.2 percent, following a 0.4 percent increase in the December quarter. It is the first decline since the fourth quarter of 2008.

Year-on-year, cost increased for: alcohol and tobacco (+6.1 percent from +6.0 percent in the December quarter 2015); housing (+1.7 percent from +2.2 percent); furnishing, household equipment and services (+2.0 percent from +1.9 percent), health (+4.6 percent from +5.3 percent), recreation & culture (+0.1 percent from +1.7 percent), education (+3.3 percent from +5.5 percent) and insurance and financial services (+2.3 percent from +1.8 percent). In contrast, cost declined for clothing & footwear (-0.8 percent from +0.5 percent), transport (-0.5 percent from -1.4 percent) and communication (-6.4 percent from -6.3 percent). Prices of food and non-alcoholic beverages remained unchanged, compared to a 0.4 percent rise in the preceding quarter.

RBA Trimmed Mean CPI rose 1.7 percent year-on-year in the first quarter of 2016, slowing from a 2.1 percent in the previous quarter and below estimates of a 2.0 percent rise. Quarter-on-quarter, the index increased 0.2 percent, down from 0.6 percent in the December quarter. RBA Weighted Mean CPI rose 1.4 percent year-on-year in the March quarter 2016, easing from 1.9 percent. Quarter-on-quarter, the index rose 0.1 percent from 0.5 percent. For 2016, Australia's central bank targets core inflation of between 2.0 percent to 3.0 percent on average.

Quarter-on-quarter, consumer prices unexpectedly dropped by 0.2 percent, following a 0.4 percent increase in the December quarter. It is the first decline since the fourth quarter of 2008. The fall in the CPI this quarter was broad based, with six out of the eleven CPI groups recording a fall for the quarter.  The most significant price falls this quarter were automotive fuel (-10.0 percent), fruit (-11.1 percent) and international holiday travel and accommodation (-2.0 percent). The most significant offsetting price rises this quarter were secondary education (+4.6 percent), medical and hospital services (+1.6 percent) and pharmaceutical products (+4.8 percent).

ABS l Rida Husna | rida@tradingeconomics.com
4/27/2016 7:38:19 AM

Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.70 23.90 -1.30 percent [+]
Inflation Rate Mom -0.20 0.40 7.55 -1.54 percent [+]
Consumer Price Index CPI 108.20 108.40 108.40 4.20 Index Points [+]
Core Consumer Prices 109.60 109.40 109.60 43.40 Index Points [+]
Core Inflation Rate 1.67 2.15 7.60 0.87 percent [+]
GDP Deflator 99.00 99.20 100.50 6.60 Index Points [+]
Producer Prices 105.90 106.10 106.10 70.70 Index Points [+]
Producer Prices Change 1.20 1.90 6.30 -1.50 percent [+]
Export Prices 72.90 76.50 112.20 16.30 Index Points [+]
Import Prices 104.50 107.70 116.30 51.50 Index Points [+]
Food Inflation 0.00 0.40 20.60 -3.20 percent [+]




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Kuwait 3.10 Mar/16
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Laos 1.13 Mar/16
Latvia -0.80 Apr/16
Lebanon -2.35 Apr/16
Lesotho 6.60 Feb/16
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Libya 10.10 Nov/15
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Lithuania 1.00 Apr/16
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Macau 3.02 Apr/16
Macedonia -0.70 Apr/16
Madagascar 6.00 Mar/16
Malawi 20.10 Apr/16
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Maldives 1.40 Mar/16
Mali -2.50 Apr/16
Malta 0.80 Apr/16
Mauritania 0.90 Apr/16
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Mexico 2.54 Apr/16
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Mongolia 2.10 Apr/16
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Philippines 1.10 Apr/16
Poland -1.10 Apr/16
Portugal 0.50 Apr/16
Puerto Rico -0.60 Mar/16
Qatar 3.40 Apr/16
Republic of the Congo 3.70 Apr/15
Romania -3.30 Apr/16
Russia 7.30 Apr/16
Rwanda 4.40 Apr/16
Sao Tome and Principe 4.70 Mar/16
Saudi Arabia 4.20 Apr/16
Senegal 0.70 Apr/16
Serbia 0.40 Apr/16
Seychelles -1.10 Apr/16
Sierra Leone 8.85 Dec/15
Singapore -0.50 Apr/16
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South Africa 6.20 Apr/16
South Korea 1.00 Apr/16
South Sudan 266.40 Apr/16
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Sri Lanka 4.30 Apr/16
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