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

The inflation rate in Australia was recorded at 1.30 percent in the first quarter of 2015. Inflation Rate in Australia averaged 5.19 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 Statistic.

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Australia Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.70 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. Content for - Australia Inflation Rate - was last refreshed on Saturday, July 4, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-01-18 11:30 PM Dec 1.7% 2.2% 2.78%
2015-01-28 12:30 AM Q4 1.7% 2.3% 1.8% 1.8%
2015-04-22 02:30 AM Q1 1.3% 1.6% 1.3% 1.3%
2015-07-22 02:30 AM Q2 1.3% 1.8%
2015-10-28 01:30 AM Q3 1.82%


Australia Inflation Eases to Almost 3-Year Low in Q1


Consumer prices in Australia rose 1.3 percent through the year to the March quarter 2015 from 1.7 percent in the previous period and matching market forecasts. It is the slowest annual pace since the second quarter of 2012, mainly due to a further decline in cost of transport, communication and clothing and footwear.

Year-on-year, cost of transport  fell by 6.2 percent (from -1.9 percent in the previous quarter). Automotive fuels decreased by 22.5 percent, the largest in the history of the automotive fuel series, beginning in September 1973. Prices also declined for: communication (-4.5 percent from -3.0 percent) and clothing and footwear (-0.7 percent from -1.5). 

The most significant price rises were for: education (+5.4 percent from 4.0 percent), alcohol and tobacco (+5.2 percent from +7.4 percent),  health (+4.4 percent from +4.4 percent), housing (+2.7 percent from +2.4 percent), recreation and culture (+2.0 percent from +0.8 percent), food and non-alcoholic beverages (1.9 pewrcent from 2.0) and insurance and financial services (1.8 percent from +2.0 percent). 

Quarter-on-quarter, the consumer price index rose 0.2 percent in the March quarter 2015, the same pace as in the December quarter 2014. The most significant price rises this quarter were for: domestic holiday travel and accommodation (+3.5 percent), tertiary education (+5.7 percent) and medical and hospital services (+2.2 percent). These rises were partially offset by a fall in automotive fuel (–12.2 percent) and fruits (-8.0 percent).  

ABS l Rida Husna l rida@tradingeconomics.com
4/22/2015 8:42:23 AM


Recent Releases

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.
Published on 2015-01-28

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

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 Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.70 23.90 -1.30 percent [+]
Inflation Rate Mom 0.20 0.20 7.55 -1.54 percent [+]
Consumer Price Index CPI 106.80 106.60 106.80 4.20 Index Points [+]
Core Inflation Rate 2.27 2.10 7.60 0.87 percent [+]
Core Consumer Prices 107.80 107.10 107.80 43.40 Index Points [+]
GDP Deflator 100.70 101.20 101.80 6.70 Index Points [+]
Producer Prices 104.60 104.10 104.60 70.70 Index Points [+]
Producer Prices Change 0.70 1.10 6.30 -1.50 percent [+]
Export Prices 84.60 85.30 112.20 16.30 Index Points [+]
Import Prices 105.00 105.20 116.30 51.50 Index Points [+]
Food Inflation 1.90 2.00 20.60 -3.20 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Mar/15 1.70 23.90 -1.30 percent [+]
Brazil 8.47 May/15 8.17 6821.31 1.65 percent [+]
Canada 0.90 May/15 0.80 21.60 -17.80 percent [+]
China 1.20 May/15 1.50 28.40 -2.20 percent [+]
Euro Area 0.20 Jun/15 0.30 5.00 -0.70 percent [+]
France 0.30 May/15 0.10 18.80 -0.70 percent [+]
Germany 0.30 Jun/15 0.70 11.54 -7.62 percent [+]
India 5.01 May/15 4.87 11.16 4.38 percent [+]
Indonesia 7.26 Jun/15 7.15 82.40 -1.17 percent [+]
Italy 0.10 Jun/15 0.10 25.64 -0.60 percent [+]
Japan 0.50 May/15 0.60 25.00 -2.52 percent [+]
Mexico 2.88 May/15 3.06 179.73 2.88 percent [+]
Netherlands 1.10 May/15 0.60 11.19 -1.30 percent [+]
Russia 15.80 May/15 16.40 2333.30 3.60 percent [+]
South Korea 0.70 Jun/15 0.50 32.50 0.20 percent [+]
Spain 0.10 Jun/15 -0.20 28.43 -1.37 percent [+]
Switzerland -1.20 May/15 -1.10 11.92 -1.37 percent [+]
Turkey 7.20 Jun/15 8.09 138.71 -4.01 percent [+]
United Kingdom 0.10 May/15 -0.10 8.50 -0.10 percent [+]
United States 0.00 May/15 -0.20 23.70 -15.80 percent [+]