Australia Inflation Rate 1951-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Australia was recorded at 1.70 percent in the fourth quarter of 2014. Inflation Rate in Australia averaged 5.21 percent from 1951 until 2014, 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 Statistic.

      Forecast    
Australia Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.70 2.30 23.90 -1.30 1951 - 2014 percent Quarterly
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 - Australia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Australia Inflation Rate - was last refreshed on Sunday, April 19, 2015.


Australia's Inflation Rate Dips to 1.7% in Q4


Consumer prices in Australia rose 1.7% through the year to the December quarter 2014, the slowest annual pace in two-and-a-half years as petrol prices plunged.

Year-on-year, price decreases were reported for: clothing and footwear (-1.5%), communication (-3%) and transport (-1.9%). Average unleaded petrol prices reached a low of $1.17 per litre in December 2014, the lowest recorded average daily price since February 2009.

The most significant price rises were for: alocohol and tobacco (+7.4%), education (4%), health (+4.4%), housing (2.4%), food and non-alcoholic beverages (2%) and insurance and financial services (2%). 

Quarter-on-quarter, the consumer price index rose 0.2% in the December quarter 2014, following a rise of 0.5% in the September quarter 2014. The most significant price rises this quarter were for domestic holiday travel and accommodation (+5.8%), tobacco (+4.8%) and new dwelling purchase by owner-occupiers (+1.1%), These rises were partially offset by a fall in automotive fuel (–6.8%).  

ABS | anna@tradingeconomics.com
1/28/2015 12:59:29 AM


Recent Releases

Australia Inflation Eases to 2.3% in Q3
Australian annual inflation rate slowed to 2.3 percent in the third quarter of 2014 from 3.0 percent in the previous period, driven by a fall in price of electricity, after the government removed a tax on carbon emission starting early July. Published on 2014-10-22

Australia Inflation Rate Up to 3% in Q2
Australian consumer prices advanced 3.0 percent year-on-year in the second quarter of 2014, slightly up from 2.9 percent in the previous period. The rise was driven by almost all categories except for cost of clothing and footwear and communication which fell on the year. Published on 2014-07-23


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-01-18 11:30 PM
TD Securities Inflation YoY  Dec
1.7% 2.2% 2.78%
2015-01-18 11:30 PM
TD Securities Inflation MoM  Dec
0% 0.1% 2.78%
2015-01-28 12:30 AM
Inflation Rate YoY  Q4
1.7% 2.3% 1.8% 1.8%
2015-04-22 02:30 AM
Inflation Rate YoY  Q1
1.6% 1.3% 1.3%
2015-07-22 02:30 AM
Inflation Rate YoY  Q2
1.51%
2015-10-28 01:30 AM
Inflation Rate YoY  Q3
1.82%


Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 2.30 23.90 -1.30 percent [+]
Inflation Rate Mom 0.20 0.50 7.55 -1.54 percent [+]
Consumer Price Index CPI 106.60 106.40 106.60 4.20 Index Points [+]
Core Inflation Rate 2.10 2.11 7.60 0.87 percent [+]
Core Consumer Prices 107.10 106.50 107.10 43.40 Index Points [+]
GDP Deflator 101.10 101.10 101.80 6.70 Index Points [+]
Producer Prices 104.10 104.00 104.10 70.70 Index Points [+]
Producer Prices Change 1.10 1.20 6.30 -1.50 percent [+]
Export Prices 85.30 85.30 112.20 16.30 Index Points [+]
Import Prices 105.20 104.30 116.30 51.50 Index Points [+]
Food Inflation 2.00 3.50 20.60 -3.20 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 8.13 Mar/15 7.70 6821.31 1.65 percent [+]
Canada 1.20 Mar/15 1.00 21.60 -17.80 percent [+]
China 1.40 Mar/15 1.40 28.40 -2.20 percent [+]
Euro Area -0.10 Mar/15 -0.30 5.00 -0.70 percent [+]
France -0.10 Mar/15 -0.30 18.80 -0.70 percent [+]
Germany 0.30 Mar/15 0.09 11.54 -7.62 percent [+]
India 5.17 Mar/15 5.37 11.16 4.38 percent [+]
Indonesia 6.38 Mar/15 6.29 82.40 -1.17 percent [+]
Italy -0.09 Mar/15 -0.09 25.64 -0.60 percent [+]
Japan 2.20 Feb/15 2.40 25.00 -2.52 percent [+]
Mexico 3.14 Mar/15 3.00 179.73 2.91 percent [+]
Netherlands 0.38 Mar/15 0.20 11.19 -1.30 percent [+]
Russia 16.90 Mar/15 16.70 2333.30 3.60 percent [+]
South Korea 0.40 Mar/15 0.50 32.50 0.20 percent [+]
Spain -0.70 Mar/15 -1.10 28.43 -1.37 percent [+]
Switzerland -0.90 Mar/15 -0.80 11.92 -1.37 percent [+]
Turkey 7.61 Mar/15 7.55 138.71 -4.01 percent [+]
United Kingdom 0.00 Mar/15 0.00 8.50 0.00 percent [+]
United States -0.10 Mar/15 0.00 23.70 -15.80 percent [+]