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

Consumer prices in Australia rose 1.3 percent through the year to the third quarter of 2016 from 1.0 percent in the previous three month period and above market consensus of a 1.1 percent. The biggest upward pressure came from food and non-alcoholic beverages (+1.5 percent from -0.1 percent in the June quarter) as floods affected supply of vegetables. Cost also grew at a faster face for: housing, clothing and footwear, furnishing, household equipment and services, and insurance and financial services. In contrast, prices continued to decline for transport and communication. On a quarterly basis, consumer prices went up 0.7 percent, following a 0.4 percent rise in the June quarter while market expected a 0.5 percent increase. It was the highest figure since the June quarter 2015. Inflation Rate in Australia averaged 5.10 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.

Australia Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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%
2016-10-26 12:30 AM Q3 1.3% 1% 1.1% 1.1%
2017-01-25 12:30 AM Q4 1.18%
2017-01-27 12:30 AM Q4
2017-04-27 01:30 AM Q1




Australia Inflation Rises More than Expected in Q3


Consumer prices in Australia rose 1.3 percent through the year to the third quarter of 2016 from 1.0 percent in the previous three month period. The inflation rate came above market consensus of a 1.1 driven mostly by rise in cost of food and housing.

Year-on-year, cost increased for: food and non-alcoholic beverages (+1.5 percent from -0.1 percent in the June quarter), alcohol and tobacco (+5.7 percent from +5.9 percent); clothing and footwear (+1.2 percent from -0.2 percent), housing (+1.8 percent from +1.3 percent); furnishing, household equipment and services (+1.9 percent from +1.6 percent), health (+3.9 percent from +4.5 percent), recreation & culture (+0.6 percent from +0.8 percent), education (+3.3 percent from +3.3 percent) and insurance and financial services (+2.9 percent from +2.4 percent). In contrast, cost declined for: transport (-3.4 percent from -2.8 percent) and communication (-7.5 percent from -7.2 percent). 

RBA Trimmed Mean CPI rose 1.7 percent year-on-year in the September quarter of 2016, the same pace as in the preceding two quarters and in line with estimates. Quarter-on-quarter, the index increased 0.4 percent, down from 0.5 percent in the second quarter. RBA Weighted Mean CPI rose 1.3 percent year-on-year in the three months to September, unchanged from the second 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 0.7 percent, following a 0.4 percent rise in the previous three month period and above market expectations of 0.5 percent. It was the highest inflation rate since June quarter of 2015 driven by a 1.7 percent rise in cost of food and non-alcoholic beverages. The main contributors to the rise in the food and non-alcoholic beverages group were fruit (+19.5%) and vegetables (+5.9% )as adverse weather conditions, including floods, in major growing areas, impacted supply. Prices also increased for electricity (+5.4 percent) and tobacco (+2.3 percent). Partially offsetting these rises were falls in communication (-2.3 percent) and fuel (-2.9 percent). 


ABS l Rida Husna | rida@tradingeconomics.com
10/26/2016 12:58:48 PM



Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.00 23.90 -1.30 percent [+]
Inflation Rate Mom 0.70 0.40 7.55 -1.54 percent [+]
Consumer Price Index CPI 109.40 108.60 109.40 4.20 Index Points [+]
Core Consumer Prices 110.61 110.23 110.61 75.47 Index Points [+]
Core Inflation Rate 1.70 1.70 10.70 1.60 percent [+]
GDP Deflator 101.06 100.05 101.16 6.57 Index Points [+]
Producer Prices 106.30 106.00 106.30 70.70 Index Points [+]
Producer Prices Change 0.50 1.00 6.30 -1.50 percent [+]
Export Prices 76.50 73.90 112.20 16.30 Index Points [+]
Import Prices 102.50 103.50 116.30 51.50 Index Points [+]
Food Inflation 1.50 -0.10 20.60 -3.20 percent [+]



Australia Inflation Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.00 23.90 -1.30 1951 - 2016 percent Quarterly
2011/2012=100



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