Australia’s consumer inflation expectations climbed to 5.9% in April 2026 from 5.2% a month earlier, the highest since November 2022, signaling rising concern over price pressures. The increase came after the Reserve Bank lifted its cash rate by 25bps to 3.85% in March, following a similar move in February, as inflationary pressures re-emerged from mid-2025. Higher oil prices, driven by Middle East tensions, are a key near-term driver, pushing up short-term expectations. Deputy Governor Andrew Hauser recently warned that the economy faces a challenging macro backdrop, with persistently high inflation and limited supply capacity heightening the risk of stagflation if energy shocks continue. He noted that inflation remains above target, with annual CPI at 3.7% in February, still outside the central bank’s 2–3% target band. Current projections indicate inflation may only return to target by mid-2027, underscoring the prolonged path to price stability. source: Melbourne Institute

Inflation Expectations in Australia increased to 5.90 percent in April from 5.20 percent in March of 2026. Inflation Expectations in Australia averaged 4.38 percent from 1995 until 2026, reaching an all time high of 8.60 percent in July of 2008 and a record low of 2.80 percent in September of 2013. This page provides - Australia Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Inflation Expectations - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.

Inflation Expectations in Australia increased to 5.90 percent in April from 5.20 percent in March of 2026. Inflation Expectations in Australia is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Inflation Expectations is projected to trend around 2.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-12 12:00 AM
Consumer Inflation Expectations
Mar 5.2% 5% 4.2%
2026-04-16 01:00 AM
Consumer Inflation Expectations
Apr 5.9% 5.2% 5.4%
2026-05-14 01:00 AM
Consumer Inflation Expectations
May 5.9%


Related Last Previous Unit Reference
Commodity Prices YoY 12.80 4.90 percent Mar 2026
CPI 101.31 101.33 points Feb 2026
Core Consumer Prices 106.05 105.84 points Feb 2026
RBA Trimmed Mean CPI YoY 3.30 3.40 percent Feb 2026
CPI Housing Utilities 102.89 102.60 points Feb 2026
CPI Transportation 99.28 99.93 points Feb 2026
Export Prices 157.80 152.90 points Dec 2025
Export Prices 3.20 -0.90 percent Dec 2025
Food Inflation 3.10 3.10 percent Feb 2026
GDP Chain Price Index 105.00 103.50 points Dec 2025
GDP Deflator 105.40 104.40 points Dec 2025
Import Prices 135.40 134.20 points Dec 2025
Import Prices 0.90 -0.40 percent Dec 2025
Consumer Inflation Expectations 5.90 5.20 percent Apr 2026
Inflation Rate YoY 3.70 3.80 percent Feb 2026
Inflation Rate MoM 0.00 0.40 percent Feb 2026
TD-MI Inflation Gauge MoM 1.30 -0.20 percent Mar 2026
PPI 0.80 1.00 percent Dec 2025
Producer Prices 137.70 136.60 points Dec 2025
PPI YoY 3.50 3.50 percent Dec 2025
Rent Inflation 3.80 3.90 percent Feb 2026
Services Inflation 3.90 3.90 percent Feb 2026
RBA Trimmed Mean CPI QoQ 0.90 1.00 percent Dec 2025
RBA Weighted Median CPI 0.20 0.30 percent Feb 2026
RBA Weighted Median CPI YoY 3.50 3.60 percent Feb 2026


Australia Inflation Expectations
In Australia, Melbourne Institute Inflation Expectations survey measures consumers’ median expectations for price growth over the coming 12 months.
Actual Previous Highest Lowest Dates Unit Frequency
5.90 5.20 8.60 2.80 1995 - 2026 percent Monthly
NSA

News Stream
Australia Inflation Expectations Jump to Highest Since Late 2022
Australia’s consumer inflation expectations climbed to 5.9% in April 2026 from 5.2% a month earlier, the highest since November 2022, signaling rising concern over price pressures. The increase came after the Reserve Bank lifted its cash rate by 25bps to 3.85% in March, following a similar move in February, as inflationary pressures re-emerged from mid-2025. Higher oil prices, driven by Middle East tensions, are a key near-term driver, pushing up short-term expectations. Deputy Governor Andrew Hauser recently warned that the economy faces a challenging macro backdrop, with persistently high inflation and limited supply capacity heightening the risk of stagflation if energy shocks continue. He noted that inflation remains above target, with annual CPI at 3.7% in February, still outside the central bank’s 2–3% target band. Current projections indicate inflation may only return to target by mid-2027, underscoring the prolonged path to price stability.
2026-04-16
Australia Inflation Expectations Highest in Near 3 Years
Australia’s consumer inflation expectations rose to 5.2% in March 2026 from 5.0% in the previous month, marking the highest level since July 2023, ahead of the Reserve Bank of Australia’s policy meeting on March 17. The increase followed the central bank’s 25bp rate hike to 3.85% in February. Policymakers acknowledged that price pressures picked up in the second half of 2025 and remain too high. While officials expect part of the recent surge in inflation to fade over time, they warned that a meaningful share reflects underlying pressures that could persist without further policy tightening. The board also noted that price increases have been broad-based across CPI components. As a result, the RBA signaled inflation will likely stay above its 2–3% target band for an extended period, with both headline and core measures still elevated. Current projections suggest inflation may not return to the target range until mid-2027.
2026-03-12
Australia Inflation Expectations Climb to 8-Month High
Australia’s consumer inflation expectations rose to 5.0% in February 2026 from 4.6% in the previous month, marking the highest level since last June. The jump followed the Reserve Bank of Australia’s decision to lift the cash rate by 25bps to 3.85% at its first policy meeting of the year, the first rate hike since November 2023. Policymakers pointed to renewed cost pressures that intensified in late 2025, driven by elevated service expenses and a tight labor market. The central bank signaled inflation will remain above its 2–3% target band for an extended period, with both headline and core readings exceeding target and policymakers indicating it will take further action to curb inflation. Projections suggest inflation in Australia may not return within the band until mid-2027.
2026-02-12