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

Consumer prices in Australia rose 1.7% through the year to the December quarter 2015 from 1.5% in the previous quarter. It is the highest figure since the fourth quarter of 2014 and slightly above market consensus. A faster increase in prices of food and non-alcoholic beverages and a slower drop in cost of transport offset a slowdown in cost of housing. Quarter-on-quarter, the index rose 0.4 percent, slowing from 0.5 percent in the September quarter. Inflation Rate in Australia averaged 5.15 percent from 1951 until 2015, 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
1.70 1.50 23.90 -1.30 1951 - 2015 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-07-22 02:30 AM Q2 1.5% 1.3% 1.7% 1.7%
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%
2016-04-22 01:30 AM Q1 1.7% 1.93%
2016-07-22 01:30 AM Q2 1.90%
2016-10-27 11:30 PM Q3 1.97%

Australia Inflation Rate Above Expectations in Q4


Consumer prices in Australia rose 1.7% through the year to the December quarter 2015 from 1.5% in the previous quarter. It is the highest figure since the fourth quarter of 2014 and slightly above market consensus. A faster increase in prices of food and non-alcoholic beverages and a slower drop in cost of transport offset a slowdown in cost of housing.

Year-on-year, cost increased for: food and non-alcoholic beverages (+0.4 percent from +0.2 percent in the preceding quarter); alcohol and tobacco (+6.0 percent from +5.0 percent); clothing (+0.5 percent from -1.0 percent); furnishing, household equipment and services (+1.9 percent from +1.8 percent); health (+5.3 percent from +4.8 percent) and recreation and culture (+1.7 percent from +1.1 percent). In contrast, cost declined for transport (-1.4 percent from -2.2 percent) and communication (-6.3 percent from -4.1 percent). While prices remained unchanged for education (+5.5 percent), cost moderated for housing (+2.2 percent from +2.7 percent) and insurance and financial services (+1.8 percent from +2.0 percent).

RBA Trimmed Mean CPI rose 2.1 percent year-on-year in the fourth quarter of 2015, the same pace as in the previous quarter and in line with market consensus. Quarter-on-quarter, the index increased 0.6 percent, up from 0.3 percent in the September quarter. RBA Weighted Mean CPI rose 1.9 percent year-on-year in the December quarter of 2015, up from a downwardly revised 2.1 percent. Quarter-on-quarter, the index rose 0.5 percent from an upwardly revised 0.4 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 rose 0.4 percent, slowing from 0.5 percent in the September quarter. The most significant price rises this quarter were tobacco (+7.4 percent), domestic holiday travel and accommodation (+5.9 percent) and international holiday travel and accommodation (+2.4 percent). The most significant offsetting price falls this quarter are automotive fuel (-5.7 percent), telecommunication equipment and services (-2.4 percent) and fruit (-2.6 percent).

ABS l Rida Husna | rida@tradingeconomics.com
1/27/2016 2:53:03 AM

Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 1.50 23.90 -1.30 percent [+]
Inflation Rate Mom 0.40 0.50 7.55 -1.54 percent [+]
Consumer Price Index CPI 108.40 108.00 108.40 4.20 Index Points [+]
Core Consumer Prices 109.40 108.70 109.40 43.40 Index Points [+]
Core Inflation Rate 2.15 2.07 7.60 0.87 percent [+]
GDP Deflator 99.10 99.20 100.40 6.60 Index Points [+]
Producer Prices 106.10 105.80 106.10 70.70 Index Points [+]
Producer Prices Change 1.90 1.70 6.30 -1.50 percent [+]
Export Prices 76.50 80.90 112.20 16.30 Index Points [+]
Import Prices 107.70 108.00 116.30 51.50 Index Points [+]
Food Inflation 0.40 0.20 20.60 -3.20 percent [+]




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Angola 14.27 Dec/15
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Armenia -0.40 Jan/16
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Australia 1.70 Dec/15
Austria 1.00 Dec/15
Azerbaijan 3.70 Nov/15
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Bahrain 0.70 Dec/15
Bangladesh 6.10 Dec/15
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Belgium 1.74 Jan/16
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Benin 2.30 Nov/15
Bhutan 3.23 Sep/15
Bolivia 2.39 Jan/16
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Botswana 3.10 Dec/15
Brazil 10.71 Jan/16
Brunei 0.10 Nov/15
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Cambodia 1.90 Nov/15
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Congo 2.02 Nov/15
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Croatia -0.60 Jan/16
Cuba 5.30 Dec/14
Cyprus -1.30 Jan/16
Czech Republic 0.10 Dec/15
Denmark 0.50 Dec/15
Djibouti 2.60 Mar/15
Dominican Republic 2.34 Dec/15
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Egypt 11.10 Dec/15
El Salvador 1.00 Dec/15
Equatorial Guinea 3.60 Dec/14
Eritrea 11.60 Dec/14
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Ethiopia 10.20 Jan/16
Euro Area 0.40 Jan/16
European Union 0.20 Dec/15
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Finland -0.20 Dec/15
France 0.20 Jan/16
Gabon -0.01 Jun/15
Gambia 6.57 Sep/15
Georgia 5.60 Jan/16
Germany 0.50 Jan/16
Ghana 17.70 Dec/15
Greece -0.20 Dec/15
Guatemala 2.51 Nov/15
Guinea 7.30 Dec/15
Guinea Bissau 2.20 Nov/15
Guyana 0.18 May/15
Haiti 12.00 Dec/15
Honduras 2.10 Nov/15
Hong Kong 2.50 Dec/15
Hungary 0.90 Dec/15
Iceland 2.10 Jan/16
India 5.61 Dec/15
Indonesia 4.14 Jan/16
Iran 10.10 Nov/15
Iraq 1.00 Nov/15
Ireland 0.10 Dec/15
Israel -1.00 Dec/15
Italy 0.30 Jan/16
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Jamaica 3.66 Dec/15
Japan 0.20 Dec/15
Jordan -1.60 Dec/15
Kazakhstan 14.40 Jan/16
Kenya 7.78 Jan/16
Kosovo -0.10 Dec/15
Kuwait 3.00 Dec/15
Kyrgyzstan 3.40 Dec/15
Laos 0.90 Dec/15
Latvia 0.30 Dec/15
Lebanon -3.40 Dec/15
Lesotho 4.80 Nov/15
Liberia 6.50 Sep/15
Libya 11.40 Sep/15
Liechtenstein -1.30 Dec/15
Lithuania -0.10 Dec/15
Luxembourg 1.10 Dec/15
Macau 3.73 Dec/15
Macedonia -0.30 Dec/15
Madagascar 7.60 Dec/15
Malawi 24.90 Dec/15
Malaysia 2.70 Dec/15
Maldives 2.00 Nov/15
Mali 1.00 Dec/15
Malta 1.20 Dec/15
Mauritania 0.50 Dec/15
Mauritius 1.30 Dec/15
Mexico 2.13 Dec/15
Moldova 13.60 Dec/15
Mongolia 1.90 Dec/15
Montenegro 1.40 Nov/15
Morocco 0.60 Dec/15
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Myanmar 10.19 Jul/15
Namibia 3.70 Dec/15
Nepal 10.40 Nov/15
Netherlands 0.70 Dec/15
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New Zealand 0.10 Dec/15
Nicaragua 3.19 Jan/16
Niger 2.20 Dec/15
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North Korea 55.00 Jul/13
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Oman -0.10 Dec/15
Pakistan 3.32 Jan/16
Palestine 0.97 Dec/15
Panama 0.20 Dec/15
Papua New Guinea 5.80 Sep/15
Paraguay 5.20 Jan/16
Peru 4.61 Jan/16
Philippines 1.30 Jan/16
Poland -0.50 Dec/15
Portugal 0.40 Dec/15
Puerto Rico -0.20 Dec/15
Qatar 2.70 Dec/15
Republic of the Congo 3.70 Apr/15
Romania -0.90 Dec/15
Russia 9.80 Jan/16
Rwanda 6.80 Dec/15
Sao Tome and Principe 4.30 Oct/15
Saudi Arabia 2.30 Dec/15
Senegal 0.40 Dec/15
Serbia 1.50 Dec/15
Seychelles -0.10 Jan/16
Sierra Leone 8.11 Jul/15
Singapore -0.60 Dec/15
Slovakia -0.50 Dec/15
Slovenia -0.50 Jan/16
Somalia -4.00 Dec/14
South Africa 5.20 Dec/15
South Korea 0.80 Jan/16
South Sudan 109.90 Dec/15
Spain -0.30 Jan/16
Sri Lanka 0.90 Jan/16
Sudan 12.58 Dec/15
Suriname 20.40 Nov/15
Swaziland 4.50 Nov/15
Sweden 0.10 Dec/15
Switzerland -1.30 Dec/15
Syria 39.70 May/15
Taiwan 0.81 Jan/16
Tajikistan 5.20 Nov/15
Tanzania 6.80 Dec/15
Thailand -0.53 Jan/16
Togo 1.60 Dec/15
Trinidad and Tobago 1.40 Nov/15
Tunisia 4.10 Dec/15
Turkey 9.58 Jan/16
Turkmenistan 4.42 Dec/14
Uganda 7.60 Jan/16
Ukraine 43.30 Dec/15
United Arab Emirates 3.60 Dec/15
United Kingdom 0.20 Dec/15
United States 0.70 Dec/15
Uruguay 9.68 Jan/16
Uzbekistan 2.60 Mar/14
Venezuela 108.70 Sep/15
Vietnam 0.80 Jan/16
Yemen 9.49 Nov/14
Zambia 21.80 Jan/16
Zimbabwe -2.47 Dec/15