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

The inflation rate in Australia was recorded at 1.50 percent in the second quarter of 2015. Inflation Rate in Australia averaged 5.18 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.

Australia Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.30 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. Content for - Australia Inflation Rate - was last refreshed on Wednesday, August 5, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 1.5% 1.3% 1.7% 1.7%
2015-10-28 01:30 AM Q3 1.5% 1.82%


Australia Inflation Below Forecasts in Q2


Consumer prices in Australia rose only 1.5 percent through the year to the June quarter 2015 compared to 1.3 percent in the previous period. While cost of transport declined at a slower pace, food and housing inflation was weaker than in the previous period.

Year-on-year, cost increased for: food and non-alcoholic beverages (+1.3 percent from +1.9 percent in the preceding quarter); alcohol and tobacco (+4.8 percent from +5.2 percent); housing (+2.5 percent from +2.7 percent); furnishing, household equipment and services (+1.4 percent from +1.5 percent); health (+4.3 percent from +4.4 percent); recreation and culture (+0.9 percent from +2.0 percent); education (+5.4 percent from +5.4 percent) and insurance and financial services (+2.1 percent from +1.8 percent).

In contrast, prices declined for: transport (-2.4 percent from -6.2 percent in the previous quarter), communication (-3.4 percent from -4.5 percent) and clothing and footwear (-0.9 percent from -0.7 percent). 

Quarter-on-quarter, the consumer price index rose 0.7 percent in the June quarter 2015, accelerating from 0.2 percent in the March quarter. The most significant price rises this quarter were in automotive fuel (+12.2 percent), medical and hospital services (+4.5 percent) and new dwelling purchase by owner–occupiers (+1.5 percent). These rises were partially offset by falls in domestic holiday travel and accommodation (–5.4 percent) and pharmaceutical products (-1.8 percent). The increase in fuel is registered in four of the five fuel types with the quarterly rise the largest since December 1990.

ABS l Rida Husna l rida@tradingeconomics.com
7/22/2015 5:48:50 PM


Recent Releases

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.
Published on 2015-04-22

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 Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.30 23.90 -1.30 percent [+]
Inflation Rate Mom 0.70 0.20 7.55 -1.54 percent [+]
Consumer Price Index CPI 107.50 106.80 107.50 4.20 Index Points [+]
Core Inflation Rate 1.98 2.27 7.60 0.87 percent [+]
Core Consumer Prices 108.20 107.80 108.20 43.40 Index Points [+]
GDP Deflator 100.70 101.20 101.80 6.70 Index Points [+]
Producer Prices 104.90 104.60 104.90 70.70 Index Points [+]
Producer Prices Change 1.10 0.70 6.30 -1.50 percent [+]
Export Prices 80.90 84.60 112.20 16.30 Index Points [+]
Import Prices 106.50 105.00 116.30 51.50 Index Points [+]
Food Inflation 1.30 1.90 20.60 -3.20 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.50 Jun/15 1.30 23.90 -1.30 percent [+]
Brazil 8.89 Jun/15 8.47 6821.31 1.65 percent [+]
Canada 1.00 Jun/15 0.90 21.60 -17.80 percent [+]
China 1.40 Jun/15 1.20 28.40 -2.20 percent [+]
Euro Area 0.20 Jul/15 0.20 5.00 -0.70 percent [+]
France 0.30 Jun/15 0.30 18.80 -0.70 percent [+]
Germany 0.20 Jul/15 0.30 11.54 -7.62 percent [+]
India 5.40 Jun/15 5.01 11.16 4.38 percent [+]
Indonesia 7.26 Jul/15 7.26 82.40 -1.17 percent [+]
Italy 0.20 Jul/15 0.20 25.64 -0.60 percent [+]
Japan 0.40 Jun/15 0.50 25.00 -2.52 percent [+]
Mexico 2.87 Jun/15 2.88 179.73 2.87 percent [+]
Netherlands 1.00 Jun/15 1.10 11.19 -1.30 percent [+]
Russia 15.60 Jul/15 15.30 2333.30 3.60 percent [+]
South Korea 0.70 Jul/15 0.70 32.50 0.20 percent [+]
Spain 0.00 Jul/15 0.10 28.43 -1.37 percent [+]
Switzerland -1.00 Jun/15 -1.20 11.92 -1.37 percent [+]
Turkey 6.81 Jul/15 7.20 138.71 -4.01 percent [+]
United Kingdom 0.00 Jun/15 0.10 8.50 -0.10 percent [+]
United States 0.10 Jun/15 0.00 23.70 -15.80 percent [+]