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

The inflation rate in Australia was recorded at 3 percent in the second quarter of 2014. Inflation Rate in Australia averaged 5.23 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.

   
 
 

Australia Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
3.00 2.90 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 Wednesday, October 1, 2014.


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.

Year-on-year, the most significant price rises this quarter were for alcohol and tobacco (+7.1 percent), education (5.1 percent), health (4.9 percent), housing (3.9 percent), recreation and culture (3.3 percent) and transport (2.7 percent). Cost of clothing and footwear fell 0.6 percent while prices of communication went down 0.3 percent.

Compared with the first three months of 2014, consumer prices increased 0.5 percent in the second quarter, after rising 0.6 percent in the March quarter. 

The most significant price rises this quarter were for medical and hospital services (+4.6 percent), new dwelling purchase by owner-occupiers (+1.6 percent) and  tobacco (+3.1 percent). The most significant offsetting price falls this quarter were for domestic holiday travel and accomodation (-3.8 percent), automotive fuel (-2.7 percent) and telecommunication equipment and services (-1.6 percent).

The tobacco price increase was caused by the federal excise tax rise from 1 December 2013 as well as the March 2014 biannual indexation based on the ABS' Average Weekly Ordinary Times Earnings (AWOTE) rate.

ABS l Rida l rida@tradingeconomics.com
7/23/2014 9:51:59 AM


Recent Releases

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

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. Published on 2014-01-22


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 2.9% 2.7% 3.2% 2.54%
2014-07-23 02:30 AM Australia
Inflation Rate YoY
Q2 2014 3.0% 2.9% 3.1% 3.04%
2014-10-22 02:30 AM Australia
Inflation Rate YoY
Q3 2014 3.0% 2.79%


Prices Last Previous Highest Lowest Unit
Inflation Rate 3.00 2.90 23.90 -1.30 Percent [+]
Inflation Rate Mom 0.50 0.60 7.55 -1.54 Percent [+]
Consumer Price Index CPI 105.90 105.40 105.90 4.20 Index Points [+]
Core Inflation Rate 2.81 2.73 7.60 0.87 Percent [+]
Core Consumer Prices 106.10 105.40 106.10 43.40 Index Points [+]
GDP Deflator 101.40 101.40 101.40 6.70 Index Points [+]
Producer Prices 103.80 103.90 103.90 70.70 Index Points [+]
Producer Prices Change 2.27 2.47 6.31 -1.46 Percent [+]
Export Prices 88.80 96.40 112.20 16.30 Index Points [+]
Import Prices 105.10 108.30 116.30 51.50 Index Points [+]
Food Inflation 2.50 2.20 20.60 -3.20 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.51 Aug/14 6.50 6821.31 1.65 Percent [+]
Canada 2.10 Aug/14 2.10 21.60 -17.80 Percent [+]
China 2.00 Aug/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.30 Sep/14 0.40 5.00 -0.70 Percent [+]
France 0.40 Aug/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Sep/14 0.80 11.54 -7.62 Percent [+]
India 7.80 Aug/14 7.96 11.16 7.31 Percent [+]
Indonesia 4.53 Sep/14 3.99 82.40 -1.17 Percent [+]
Italy -0.10 Sep/14 -0.10 25.64 -2.44 Percent [+]
Japan 3.30 Aug/14 3.40 25.00 -2.52 Percent [+]
Mexico 4.15 Aug/14 4.07 179.73 2.91 Percent [+]
Netherlands 1.00 Aug/14 0.89 11.19 -1.30 Percent [+]
Russia 7.60 Aug/14 7.50 2333.30 3.60 Percent [+]
South Korea 1.10 Sep/14 1.40 32.50 0.20 Percent [+]
Spain -0.20 Sep/14 -0.50 28.43 -1.37 Percent [+]
Switzerland 0.10 Aug/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.54 Aug/14 9.32 138.71 -4.01 Percent [+]
United Kingdom 1.50 Aug/14 1.60 8.50 0.50 Percent [+]
United States 1.70 Aug/14 2.00 23.70 -15.80 Percent [+]





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