Australia Inflation Rate 1951-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Australia was recorded at 2.30 percent in the third quarter of 2014. Inflation Rate in Australia averaged 5.22 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
2.30 3.00 23.90 -1.30 1951 - 2014 percent Quarterly
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. Content for - Australia Inflation Rate - was last refreshed on Sunday, November 23, 2014.


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.

Year-on-year, the most significant price falls this quarter were for electricity (-5.1 percent) and automotive fuel (-2.5 percent). Prices were also lower for communication (-1.4 percent) and clothing and footwear (-1.0 percent).

In contrast, the most significant price rises this quarter were for fruit (+14.7 percent), new dwelling purchase by owner-occupiers (+1.1 percent), property rates and charges (+6.3 percent) and other services in respect of motor vehicles (+5.8 percent). Prices were also higher for alcohol and tobacco (+1.1 percent), mainly due to the effects of the federal excise tax increase from September 2014, and for recreation and culture (+0.6 percent).

Consumer prices rose 0.5 percent in the September quarter, compared with a rise of 0.5 percent in the June quarter.

ABS l Rida l rida@tradingeconomics.com
10/22/2014 11:32:47 AM


Recent Releases

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

Australia Inflation Rate Accelerates Further in Q1
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties. Published on 2014-04-23


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-04-23 02:30 AM
Inflation Rate YoY  Q1 2014
2.9% 2.7% 3.2% 2.54%
2014-07-23 02:30 AM
Inflation Rate YoY  Q2 2014
3.0% 2.9% 3.1% 3.04%
2014-10-22 01:30 AM
Inflation Rate YoY  Q3 2014
2.3% 3.0% 2.3% 2.39%
2015-02-28 01:30 AM
Inflation Rate YoY  Q4 2014
2.3% 2.78%
2015-04-22 01:30 AM
Inflation Rate YoY  Q1 2015
2.75%
2015-07-22 01:30 AM
Inflation Rate YoY  Q2 2015
2.72%


Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 3.00 23.90 -1.30 percent [+]
Inflation Rate Mom 0.50 0.50 7.55 -1.54 percent [+]
Consumer Price Index CPI 106.40 105.90 106.40 4.20 Index Points [+]
Core Inflation Rate 2.11 2.81 7.60 0.87 percent [+]
Core Consumer Prices 106.50 106.10 106.50 43.40 Index Points [+]
GDP Deflator 100.90 101.40 101.40 6.70 Index Points [+]
Producer Prices 104.00 103.80 104.00 70.70 Index Points [+]
Producer Prices Change 1.20 2.30 6.30 -1.50 percent [+]
Export Prices 85.30 88.80 112.20 16.30 Index Points [+]
Import Prices 104.30 105.10 116.30 51.50 Index Points [+]
Food Inflation 3.50 2.50 20.60 -3.20 percent [+]