Australia Inflation Rate

The inflation rate in Australia was recorded at 2.70 percent in the fourth quarter of 2013. Inflation Rate in Australia is reported by the Australian Bureau of Statistic. From 1951 until 2013, Australia Inflation Rate averaged 5.3 Percent reaching an all time high of 23.9 Percent in December of 1951 and a record low of -1.3 Percent in June of 1962. In Australia, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page provides - Australia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.70 2.20 23.90 -1.30 2.54 | 2014/03 1951 - 2013 Percent Quarterly

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Australia Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-04-24 02:30 AM Australia
Inflation Rate YoY
Q1 2013 2.5% 2.2% 2.8%
2013-07-24 02:30 AM Australia
Inflation Rate YoY
JUN 2013 2.4% 2.5% 2.5% 2.7%
2013-10-23 01:30 AM Australia
Inflation Rate YoY
Q3 2013 2.2% 2.4% 1.8% 2.62%
2014-01-22 12:30 AM Australia
Inflation Rate YoY
Q4 2013 2.7% 2.2% 2.5% 2.25%
2014-04-23 02:30 AM Australia
Inflation Rate YoY
Q1 2014 2.7% 3.2% 2.54%
2014-07-23 03:30 AM Australia
Inflation Rate YoY
Q2 2014 2.54%
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Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate 2.70 2013-12-31 2.20 23.90 -1.30 2.54 2014-03-31 Percent [+]
Core Inflation Rate 2.64 2013-11-15 2.36 7.60 0.87 2.54 2014-03-31 Percent [+]
Consumer Price Index (CPI) 104.80 2013-11-15 104.00 104.80 4.20 105.22 2014-03-31 Index Points [+]
Core Consumer Prices 104.90 2013-11-15 104.30 104.90 43.40 105.50 2014-03-31 Index Points [+]
Export Prices 93.80 2013-11-15 94.30 112.20 16.30 95.09 2014-03-31 Index Points [+]
GDP Deflator 101.40 2013-11-15 100.60 108.40 7.40 100.88 2014-03-31 Index Points [+]
Import Prices 104.90 2013-11-15 105.50 116.30 51.50 106.78 2014-03-31 Index Points [+]
Inflation Rate Mom 0.77 2013-11-15 1.17 7.55 -1.54 0.74 2014-02-28 Percent [+]
Producer Prices 103.00 2013-11-15 102.80 103.00 70.70 103.39 2014-03-31 Index Points [+]
Producer Prices Change 1.88 2013-11-15 1.88 6.31 -1.46 2.10 2014-03-31 Percent [+]
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Australia's Annual Inflation Rate Surges to 2.7% in Q4

Australia's CPI rose 2.7% through the year to the December quarter 2013, following a rise of 2.2% in the previous quarter as prices of education, alcohol and tobacco, housing and health rose more than 4 percent.


On a year, the most significant price rises were for education  (+5.6%), alcohol and tobacco (+5.4%), housing (+4.3%) and health (+1.9%) while the cost of clothes and footwear fell 1.3%.

On a quarter over quarter basis, the CPI rose 0.8% in the December quarter 2013, following a rise of 1.2% in the September quarter 2013.

The most significant price rises this quarter were for domestic holiday travel and accommodation (+6.9%), fruit (+8.1%), vegetables (+7.1%), new dwelling purchase by owner-occupiers (+1.0%), international holiday travel and accommodation (+2.6%) and tobacco (+2.2%). The most significant offsetting price fall this quarter was for automotive fuel (-1.1%).

Domestic and international holiday travel and accommodation rose primarily due to peak season price rises for both airfares and accommodation. Fruit and vegetable prices rose mainly due to a number of adverse weather events and deteriorating growing conditions in some areas. Tobacco prices rose primarily due to the effects of the federal excise tax increase from 1 December 2013 and a flow on effect from the indexed rise in the excise in August. Prices for new dwelling purchase by owner–occupiers rose mainly due to rising building materials and labour costs.

ABS | anna@tradingeconomics.com
1/22/2014 12:55:40 AM

RECENT RELEASES

Australia Annual Inflation Rate Falls to 2.2% in Q3
Australia’s CPI rose 2.2 percent through the year to the September quarter 2013, compared with a rise of 2.4 per cent last quarter. Quarterly, prices quickened to 1.2 percent in the third quarter of 2013, from 0.4 percent in the June quarter, boosted by higher fuel prices. Published on 2013-10-23

Australia Annual Inflation Rate Down to 2.4% in Q2
Australia's CPI rose 2.4 percent through the year to the June quarter 2013, compared with a rise of 2.5 percent through the year to the March quarter 2013. Published on 2013-07-24


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


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