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

Consumer prices in Australia rose 1.0 percent through the year to the June quarter of 2016 from 1.3 percent in the previous quarter and slightly below market consensus. It was the lowest inflation rate since the second quarter 1999. On a quarterly basis, consumer prices rose 0.4 percent, following a 0.2 percent drop in the previous three months and in line with expectations. Meanwhile, RBA Trimmed Mean CPI rose 1.7 percent year-on-year in the second quarter of 2016, the same pace as in the preceding quarter and above estimates of a 1.5 percent rise. Quarter-on-quarter, the index increased 0.5 percent, up from 0.2 percent in the first quarter. RBA Weighted Mean CPI rose 1.3 percent year-on-year in the three months to June, compared to a 1.4 percent in the preceding quarter. On a quarterly basis, the index rose 0.4 percent, after gaining 0.1 percent in the March quarter. For 2016, Australia's central bank targets core inflation of between 2.0 percent to 3.0 percent on average. Inflation Rate in Australia averaged 5.12 percent from 1951 until 2016, 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
1.00 1.30 23.90 -1.30 1951 - 2016 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-01-27 12:30 AM Q4 1.7% 1.5% 1.6% 1.5%
2016-04-27 01:30 AM Q1 1.3% 1.7% 1.8% 1.8%
2016-07-27 01:30 AM Q2 1.0% 1.3% 1.1% 1.4%
2016-10-25 11:30 PM Q3 1% 1.1%

Australia Inflation Rate at 17-Year Low in Q2


Consumer prices in Australia rose 1.0 percent through the year to the June quarter of 2016 from 1.3 percent in the previous quarter and slightly below market consensus. It was the lowest inflation rate since the second quarter 1999. On a quarterly basis, consumer prices rose 0.4 percent, following a 0.2 percent drop in the March quarter and in line with expectations.

Year-on-year, cost increased for: alcohol and tobacco (+5.9 percent from +6.1 percent in the March quarter); housing (+1.3 percent from +1.7 percent); furnishing, household equipment and services (+1.6 percent from +2.0 percent), health (+4.5 percent from +4.6 percent), recreation & culture (+0.8 percent from +0.1 percent), education (+3.3 percent from +3.3 percent) and insurance and financial services (+2.4 percent from +2.3 percent). In contrast, cost declined for clothing & footwear (-0.2 percent from -0.8 percent), transport (-2.8 percent from -0.5 percent) and communication (-7.2 percent from -6.4 percent). Prices of food and non-alcoholic beverages also dropped by 0.1 percent, after remaining unchanged in the preceding quarter.

RBA Trimmed Mean CPI rose 1.7 percent year-on-year in the second quarter of 2016, the same pace as in the preceding quarter and above estimates of a 1.5 percent rise. Quarter-on-quarter, the index increased 0.5 percent, up from 0.2 percent in the first quarter. RBA Weighted Mean CPI rose 1.3 percent year-on-year in the three months to June, compared to a 1.4 percent in the preceding quarter. For 2016, Australia's central bank targets core inflation of between 2.0 percent to 3.0 percent on average.

On a quarterly basis, consumer prices rose 0.4 percent, following a 0.2 percent drop in the previous three months and in line with expectations. The most significant price rises in the June quarter were in medical and hospital services (+4.2 percent, driven by the annual increase in private health insurance premiums), automotive fuel (+5.9 percent, largely due to  increases in unleaded, premium and ethanol fuels) and tobacco (+2.1 percent). These rises were partially offset by falls in domestic holiday travel and accommodation (–3.7 percent), motor vehicles (–1.3 percent) and telecommunication equipment and services (–1.5 percent). 
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ABS l Rida Husna | rida@tradingeconomics.com
7/27/2016 4:56:49 AM

Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.00 1.30 23.90 -1.30 percent [+]
Inflation Rate Mom 0.40 -0.20 7.55 -1.54 percent [+]
Consumer Price Index CPI 108.60 108.20 108.60 4.20 Index Points [+]
Core Consumer Prices 109.90 109.60 109.90 43.40 Index Points [+]
Core Inflation Rate 1.57 1.67 7.60 0.87 percent [+]
GDP Deflator 98.20 98.80 100.40 6.60 Index Points [+]
Producer Prices 105.90 106.10 106.10 70.70 Index Points [+]
Producer Prices Change 1.20 1.90 6.30 -1.50 percent [+]
Export Prices 72.90 76.50 112.20 16.30 Index Points [+]
Import Prices 104.50 107.70 116.30 51.50 Index Points [+]
Food Inflation -0.10 0.00 20.60 -3.20 percent [+]




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