Over the twelve months preceding December 2023 quarter, the Consumer Price Index (CPI) in Australia grew 4.1 percent. This is a drop of 3.7 percent from the previous December. The CPI measures the average change in prices of a fixed basket of goods and services, purchased by household residents in Australia's eight state and territory capital cities.

Consumer Price Index CPI in Australia increased to 139.40 points in the fourth quarter of 2024 from 139.10 points in the third quarter of 2024. This dataset provides - Australia Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Australia Consumer Price Index CPI growth

• Australia Consumer Price Index (CPI) growth was measured at 2.4 % YoY in Dec 2024, compared with a rate of 2.9 % in the previous quarter.
• Australia Consumer Price Index growth data is updated quarterly, available from Dec 1987 to Dec 2024, with an averaged number of 2.5 % YoY.
• The data reached an all-time high of 8.5 % YoY in Mar 1990 and a record low of -0.3 % YoY in Jun 2020.

Monthly CPI Indicator in Australia decreased to 2.40 percent in February from 2.50 percent in January of 2025. This dataset includes a chart with historical data for Australia Monthly CPI Indicator.

The statistic shows the inflation rate in Australia from 1987 to 2022, with projections up until 2029. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Australia was at about 6.61 percent compared to the previous year.

Australia's economy

Australia has one of the world’s largest economies and is a significant global importer and exporter. It is also labeled as one of the G20 countries, also known as the Group of Twenty, which consists of 20 major economies around the globe. The Australian economy is highly dependent on its mining sector as well as its agricultural sector in order to grow, and it exports the majority of these goods to eastern Asian countries, most prominently China. Large quantities of exports have helped Australia maintain a stable economy and furthered economic expansion, despite being affected by several economic obstacles.

Australia’s GDP has seen a significant increase over the past decade, more than doubling its value, and experienced a rather quick recovery from the 2008 financial crisis, which indicates that the country experienced economic growth as well as higher productivity. One of the primary reasons is the further development of the nation’s mining industry coupled with the expansion and success of many Australian mining companies.

Australia Consumer Price Index (CPI): MoM data was reported at -0.240 % in Jan 2025. This records a decrease from the previous number of 0.805 % for Dec 2024. Australia Consumer Price Index (CPI): MoM data is updated monthly, averaging 0.283 % from Oct 2017 (Median) to Jan 2025, with 88 observations. The data reached an all-time high of 1.654 % in Jul 2020 and a record low of -1.240 % in Apr 2020. Australia Consumer Price Index (CPI): MoM data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I002: Consumer Price Index: Sep 2017=100: Monthly.

Australia Contribution To Total Consumer Price Index (CPI): AT: AB: Wine data was reported at 1.660 Index Point in Sep 2017. This records an increase from the previous number of 1.650 Index Point for Jun 2017. Australia Contribution To Total Consumer Price Index (CPI): AT: AB: Wine data is updated quarterly, averaging 1.670 Index Point from Jun 2011 (Median) to Sep 2017, with 26 observations. The data reached an all-time high of 1.730 Index Point in Jun 2014 and a record low of 1.620 Index Point in Sep 2011. Australia Contribution To Total Consumer Price Index (CPI): AT: AB: Wine data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I014: Consumer Price Index: Contribution to Total Consumer Price Index: 16th Series.

Australia Consumer Price Index (CPI): Sydney: All Groups data was reported at 179.900 1989-1990=100 in Jun 2012. This records an increase from the previous number of 178.800 1989-1990=100 for Mar 2012. Australia Consumer Price Index (CPI): Sydney: All Groups data is updated quarterly, averaging 47.150 1989-1990=100 from Sep 1948 (Median) to Jun 2012, with 256 observations. The data reached an all-time high of 179.900 1989-1990=100 in Jun 2012 and a record low of 3.700 1989-1990=100 in Dec 1948. Australia Consumer Price Index (CPI): Sydney: All Groups data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I009: Consumer Price Index: 1989-90=100: Eight Capital Cities.

Weighted Median CPI YoY in Australia decreased to 3.40 percent in the fourth quarter of 2024 from 3.70 percent in the third quarter of 2024. This dataset includes a chart with historical data for Australia RBA Weighted Mean CPI YoY.

Inflation Expectations in Australia decreased to 3.60 percent in March from 4.60 percent in February of 2025. This dataset provides - Australia Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia Consumer Price Index (CPI): Weights: Transportation: Private Motoring: Maintenance & Repair of Motor Vehicles data was reported at 2.000 % in Dec 2024. This stayed constant from the previous number of 2.000 % for Sep 2024. Australia Consumer Price Index (CPI): Weights: Transportation: Private Motoring: Maintenance & Repair of Motor Vehicles data is updated quarterly, averaging 1.910 % from Sep 2017 (Median) to Dec 2024, with 30 observations. The data reached an all-time high of 2.000 % in Dec 2024 and a record low of 1.780 % in Sep 2022. Australia Consumer Price Index (CPI): Weights: Transportation: Private Motoring: Maintenance & Repair of Motor Vehicles data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I010: Consumer Price Index: Weights: 17th Series.

Trimmed Mean CPI QoQ in Australia decreased to 0.50 percent in the fourth quarter of 2024 from 0.80 percent in the third quarter of 2024. This dataset includes a chart with historical data for Australia RBA Trimmed Mean CPI QoQ.

Australia Consumer Price Index (CPI): Melbourne: Transport: Private Motoring: Other Services data was reported at 151.000 2011-2012=100 in Dec 2024. This records an increase from the previous number of 148.900 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Melbourne: Transport: Private Motoring: Other Services data is updated quarterly, averaging 59.950 2011-2012=100 from Sep 1980 (Median) to Dec 2024, with 178 observations. The data reached an all-time high of 151.000 2011-2012=100 in Dec 2024 and a record low of 21.800 2011-2012=100 in Dec 1989. Australia Consumer Price Index (CPI): Melbourne: Transport: Private Motoring: Other Services data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Australia’s real house price index reached 122.9 in the third quarter of 2024, continuing the upward trend since the second quarter of 2023. House prices fluctuated over the reported period compared to the base year of 2015, experiencing a sharp increase throughout 2021, with the country’s house price index peaking in the first quarter of 2022 at 130.9. Prospective homeowners priced out of the market Recent house price increases reflect the ongoing challenges of housing affordability in Australia. Property prices largely outpace income growth, reigniting discussions about whether the country is stuck in a property bubble, a topic that has been debated for over a decade. The country’s house price-to-income ratio exceeded 122 in the third quarter of 2024, the highest ratio recorded over the past five years, making it increasingly difficult to get on the property ladder. Unaffordable rental conditions Australia’s rental market has also seen challenges, with the rent price index continuing to climb throughout 2024, making the prospect of renting less appealing. As of September 2024, the average weekly house rent price in Sydney stood at 775 Australian dollars, the highest across the country’s major cities. Canberra, Darwin, and Perth were the next most expensive markets for house rents, while Hobart was the most affordable capital city for both house and unit rent prices.

Rent Inflation in Australia decreased to 6.40 percent in the fourth quarter of 2024 from 6.70 percent in the third quarter of 2024. This dataset includes a chart with historical data for Australia Rent Inflation.

对总体消费价格指数的贡献：AT：AB：酒类在09-01-2017达1.660指数点，相较于06-01-2017的1.650指数点有所增长。对总体消费价格指数的贡献：AT：AB：酒类数据按季更新，06-01-2011至09-01-2017期间平均值为1.670指数点，共26份观测结果。该数据的历史最高值出现于06-01-2014，达1.730指数点，而历史最低值则出现于09-01-2011，为1.620指数点。CEIC提供的对总体消费价格指数的贡献：AT：AB：酒类数据处于定期更新的状态，数据来源于Australian Bureau of Statistics，数据归类于全球数据库的澳大利亚 – Table AU.I014: Consumer Price Index: Contribution to Total Consumer Price Index: 16th Series。