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Australia Inflation Rate

Last Release
Jun 2021
Actual
3.8 %
Forecast
N/A
Previous
1.1 %
Frequency
Quarterly
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
23.9 %
Dec 1951
-1.3 %
Jun 1962
4.87 %1951 - 2021Australian 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

The annual inflation rate in Australia jumped to 3.8% in Q2 2021 from 1.1% in Q1 and matching market consensus. This was the highest reading since Q3 2008, reflecting some base effects following the introduction of free child care and a record fall in fuel prices in Q2 2020. Main upward pressure came from transport (10.7% vs 0.4% in Q1), food (0.7% vs 0.7%), alcohol & tobacco (6.7% vs 7.9%), furnishings (16.9% vs 2.7%), health (4.8% vs 3%), recreation (2.5% vs 1.5%), education (3.7% vs -0.1%), and insurance & financial services (0.6% vs 0.6%). In addition, cost fell at slower paces for both housing (-0.2% vs -1.1%), and communication (-1.3% vs -1.9%). On a quarterly basis, consumer prices went up 0.8%, after a 0.6% gain in Q1, above forecasts of 0.8%, driven by automotive fuel, medical and hospital services, and electricity. RBA Trimmed Mean CPI rose 1.6% yoy in Q2, the most since Q1 2020, after a 1.1% rise in Q1.Quarter-on-quarter, the index rose 0.5% after gaining 0.3% in Q1.

Australia Inflation Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Jul 28, 202101:50Australia Q2 Inflation Rate Highest in Over 13 Years
Oct 30, 201910:45Australia Q3 Inflation Rate Matches Estimates
Jul 31, 201914:14Australia Q2 Inflation Rate Stronger than Expected
Apr 24, 201909:37Australia Q1 Inflation Rate at 2-1/2-Year Low of 1.3%
DATETIMEEVENTActual
Apr 24, 201801:30Inflation Rate YoY1.9 %
Apr 26, 201701:30Inflation Rate YoY2.1
Apr 27, 201601:30Inflation Rate YoY1.3
Apr 21, 201523:30Inflation Rate YoY1.3 %
Apr 22, 201423:30Inflation Rate YoY2.9 %
Oct 23, 201301:30Inflation Rate YoY2.2 %
Apr 24, 201302:30Inflation Rate YoY2.5 %

Australia prices Indicators

All Australia indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Core Inflation Rate
1.6
Jun 2021
1.1
Mar 2021
1.1
Mar 2021
10.7
Mar 1983
%Quarterly1983 - 2021
Cpi Housing Utilities
121.3
Jun 2021
120.9
Mar 2021
10.3
Sep 1972
122.3
Mar 2020
pointsQuarterly1972 - 2021
CPI Transportation
109.9
Jun 2021
106.9
Mar 2021
11.3
Sep 1972
109.9
Jun 2021
pointsQuarterly1972 - 2021
Consumer Price Index CPI
118.8
Jun 2021
117.9
Mar 2021
4.2
Mar 1950
118.8
Jun 2021
pointsQuarterly1950 - 2021
Core Consumer Prices
118.95
Jun 2021
118.36
Mar 2021
75.47
Jun 2002
118.95
Jun 2021
pointsQuarterly2002 - 2021
GDP Deflator
107.7
Jun 2021
105.1
Mar 2021
6.22
Sep 1959
107.7
Jun 2021
pointsQuarterly1959 - 2021

Inflation Rate across Pacific

Inflation Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Australia
3.8
Jun 2021
1.1
Mar 2021
-1.3
Jun 1962
23.9
Dec 1951
%Quarterly1951 - 2021
Fiji
0.8
Aug 2021
-0.4
Jul 2021
-3.5
Jun 2020
10.5
Apr 2010
%Monthly2003 - 2021
New Caledonia
0.7
Jul 2021
1.2
Jun 2021
-1.1
Jul 2020
3.87
Jul 2006
%Monthly1994 - 2021
New Zealand
3.3
Jun 2021
1.5
Mar 2021
-15.3
Mar 1923
34.7
Sep 1919
%Quarterly1919 - 2021
Papua New Guinea
3.3
Jun 2021
4.65
Mar 2021
-1.61
Sep 2007
23.16
Sep 1995
%Quarterly1978 - 2021
Vanuatu
3.4
Dec 2019
2.9
Sep 2019
-2.5
Jun 2016
6.1
Mar 2009
%Quarterly1998 - 2019

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