The statistic shows the inflation rate in Australia from 1987 to 2023, with projections up until 2030. 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 2023, the average inflation rate in Australia was at about 5.62 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.

Inflation Rate in Australia decreased to 2.10 percent in the second quarter of 2025 from 2.40 percent in the first quarter of 2025. This dataset 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.

Cost of food in Australia increased 3.20 percent in March of 2025 over the same month in the previous year. This dataset provides - Australia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Australia Inflation.

Australia: Inflation forecast: The latest value from 2030 is 2.48 percent, a decline from 2.5 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Australia from 1989 to 2030 is 2.83 percent. The minimum value, -0.3 percent, was reached in 1997 while the maximum of 7.83 percent was recorded in 2022.

Australia: Inflation: percent change in the Consumer Price Index: The latest value from 2024 is 3.2 percent, a decline from 5.6 percent in 2023. In comparison, the world average is 6.0 percent, based on data from 155 countries. Historically, the average for Australia from 1960 to 2024 is 4.7 percent. The minimum value, -0.3 percent, was reached in 1962 while the maximum of 15.4 percent was recorded in 1974.

The average for 2024 based on 7 countries was 2.7 percent. The highest value was in Fiji: 4.5 percent and the lowest value was in Papua New Guinea: 0.6 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Monthly CPI Indicator in Australia increased to 2.80 percent in July from 1.90 percent in June of 2025. This dataset includes a chart with historical data for Australia Monthly CPI Indicator.

Australia NAIRU: Unemployment Gap data was reported at 0.413 % in 2022. This records an increase from the previous number of -0.174 % for 2021. Australia NAIRU: Unemployment Gap data is updated yearly, averaging -0.216 % from Dec 1985 (Median) to 2022, with 38 observations. The data reached an all-time high of 1.294 % in 1989 and a record low of -2.501 % in 1992. Australia NAIRU: Unemployment Gap data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: Non-Accelerating Inflation Rate of Unemployment (NAIRU): Forecast: OECD Member: Annual. GAPUNR - Unemployment gap Difference of nairu and unemployment rate OECD calculation, see OECD Economic Outlook, Database Inventory OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf

The average for 2025 based on 12 countries was 3.44 percent. The highest value was in Papua New Guinea: 5.07 percent and the lowest value was in Tuvalu: 1.46 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

This report analyses the value of the consumer price index (CPI). The CPI measures the price of a basket of goods consumed by the average Australian, and is the standard measure of the rate of inflation in Australia. Indexes are calculated for each of the capital cities and are then combined as a weighted average to obtain a nationwide value. This report uses the average quarterly value of the index over each financial year. The data for this report is sourced from the Australian Bureau of Statistics and is measured in points, with a base of 100.0 points in 2011-12.

One United States dollar was worth over ****** Indonesian rupiah in May 2024, the highest value in a comparison of over 50 different currencies worldwide. All countries and territories shown here are based on the Big Mac Index - a measurement of how much a single Big Mac is worth across different areas in the world. This exchange rate comparison reveals a strong position of the dollar in Asia and Latin America. Note, though, that several of the top currencies shown here do not rank among the most traded. The quarterly U.S. dollar exchange rate against the ten biggest forex currencies only contains the Korean won and the Japanese yen.

The statistic shows the growth rate of Australia’s real GDP from 2020 to 2024, with projections up until 2030. In 2024, GDP in Australia grew by about 1.04 percent on the previous year.The recession-proof land down underGDP is one of the primary indicators used to gauge the state and health of a country’s economy. It is the total market value of all final goods and services that have been produced within a country in a given period of time, usually a year. GDP figures allow us to understand a country’s economy in a clear way. Real GDP, in a similar vein, is also a very useful indicator; this is a measurement that takes prices changes (inflation and deflation) into account, therefore acting as a key indicator for economic growth.The gross domestic product (GDP) growth rate in Australia has, for sometime, been able to get a steady foothold in the somewhat shaky post-recession world, shaky, but far from catastrophic. The annual growth rate between the 2008 and 2009 financial years, for example, a time at which the world was brought to its proverbial knees, saw growth rates down under reach to 2.49 and 1.37 percent respectively on the previous years, whereas the GDP growth rate in the United States plummeted well into the minus zone. Australia, like all other capitalist nations, is at the mercy of international markets, and when the world economy takes a hit, it would be foolish to suggest it could emerge fully unscathed. However, Australia has earned some much deserved praise and attention owing to the fact that it has managed to remain recession-free for the past twenty years. This could be thanks to its abundance of raw materials, the Australian mining boom, the fact the recession came at a time of high commodity prices and, maybe most importantly, that just under a third of its exports go to China.

Australia House Price Index: Nominal: sa data was reported at 155.820 2015=100 in Sep 2024. This records an increase from the previous number of 152.732 2015=100 for Jun 2024. Australia House Price Index: Nominal: sa data is updated quarterly, averaging 26.614 2015=100 from Mar 1970 (Median) to Sep 2024, with 219 observations. The data reached an all-time high of 155.820 2015=100 in Sep 2024 and a record low of 2.459 2015=100 in Mar 1970. Australia House Price Index: Nominal: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Whole country; Seasonnally adjusted by OECD, using the X-12 ARIMA method;

CPI Housing Utilities in Australia increased to 153.30 points in the second quarter of 2025 from 151.50 points in the first quarter of 2025. This dataset provides - Australia Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Tourism industry in Australia is well-developed and a critical contributor to national employment and GDP. Industry revenue consists of international and domestic expenditure on an array of tourism-related products and services. The industry faced an extreme downturn in 2019-20 and 2020-21 due to the pandemic, severely impacting both international and domestic tourism. Government restrictions led to a drop in revenue and employment. However, government assistance, such as wage subsidies, mitigated some effects of this demand collapse, aiding in maintaining enterprise, establishment and employment figures. In 2022, the industry rebounded rapidly following the easing of restrictions. Both domestic and international travel surged, leading to double-digit growth rates in revenue and stronger pricing power for airlines and hospitality businesses. State governments helped revive the industry by extending stimulus packages, which resulted in the re-establishment of healthy industrywide profit margins in 2022-23. Between 2021-22 and 2023-24, relative growth in spending by business and government travellers outpaced the increase from domestic leisure travellers. Factors like high inflation, increased airfares and financial pressure on households slowed the growth of domestic leisure travel. However, less price-sensitive business and government travellers remained largely unaffected. International tourism has also significantly increased since 2021-22. However, growth has stalled since 2023-24, as international traveller inflows have approached pre-pandemic benchmarks. The demand for luxury tourism has surged, supporting industry profitability. However, increased competition and slowing revenue growth in 2024-25 have led to a slight contraction in profitability, a trend that will continue into the following years. Despite the turbulent period, the strong recovery in demand in recent years has contributed to an estimated annualised hike in revenue of 5.0% over the five years through 2024-25. With demand approaching pre-pandemic levels, growth has started to taper, with revenue edging up by an expected 0.8% in the current year, to reach $200.5 billion. The outlook for tourism is promising. International tourism is set to strengthen beyond pre-pandemic levels, while substantial investment in the growing luxury tourist economy will bring more wealthy tourists to Australian shores. Cost-of-living pressures that have affected local households will ease over the coming years. At the same time, the accessibility of price comparison tools from online booking services will promote lower prices for domestic consumers, bolstering domestic tourism numbers. Overall, industry revenue is forecast to expand at an annualised rate of 2.3% through 2029-30, to $224.9 billion.

The AUD/USD exchange rate rose to 0.6552 on September 1, 2025, up 0.32% from the previous session. Over the past month, the Australian Dollar has strengthened 1.21%, but it's down by 3.46% over the last 12 months. Australian Dollar - values, historical data, forecasts and news - updated on September of 2025.

Housing Index in Australia increased to 183.90 points in the fourth quarter of 2021 from 175.60 points in the third quarter of 2021. This dataset provides the latest reported value for - Australia House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the value of excise and customs duty applicable to cigarettes or cigars weighing less than *** grams in Australia was around **** Australian dollars per stick. Between 2013 and 2017, four annual increases of **** percent were scheduled for excise and customs duties in Australia. According to the source, after adjusting for inflation the excise in 2020 was around *** percent higher than in 2012.

Import Prices in Australia decreased to 134.80 points in the second quarter of 2025 from 135.90 points in the first quarter of 2025. This dataset provides the latest reported value for - Australia Import Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.