Australia Inflation Rate

Last Release

Mar 31, 2025

Actual

2.4

Units In

2.4

Frequency

Quarterly

Next Release

Jul 30, 2025

Time to Release

2 Months 28 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
23.9 Dec 1951	-1.3 Jun 1962	4.86 %	1951-2025	Australian Bureau of Statistics

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.

Latest Updates

Australia’s annual inflation rate held steady at 2.4% in Q1 2025, unchanged from the previous quarter and above market expectations of 2.3%. Nevertheless, it remains the lowest level since Q1 2021. Services inflation eased to 3.7%—the softest since Q2 2022, down from 4.3% in Q4, driven by slower increases in rents and insurance costs. However, this was offset by a rise in goods inflation (1.3% vs 0.8%), largely due to electricity prices surging 16.3% after a 17.3% decline, following the second-round expansion of energy bill rebates to include all households. Food inflation also picked up (3.2% vs 3%), driven by higher costs for meat, seafood, fruits, and vegetables. On a quarterly basis, consumer prices rose 0.9%, above the expected .8% rise, and marking the largest increase in three quarters. Meanwhile, the RBA’s trimmed mean grew 2.9% year-on-year, the slowest pace since Q4 2021, matching forecasts and easing from 3.2% in the prior period.