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.

The inflation rate in Australia was at 4.1 percent as of the fourth quarter of 2023. This was a decline of 3.7 percentage points from the high of 7.8 percent in the fourth quarter of 2022.

Inflacja usług w Australii spadła do 4,30 procenta w czwartym kwartale 2024 roku z 4,60 procenta w trzecim kwartale 2024 roku. Aktualne wartości, dane historyczne, prognozy, statystyki, wykresy i kalendarz ekonomiczny - Australia - Usługi Inflacja.

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.

In December 2023, the Consumer Price Index (CPI) in Adelaide, Australia recorded a change of 4.8 percent, higher than any other capital city in the country. The CPI measures household inflation. Hobart and Perth saw the lowest change with around three percent.

Australia Inflation Nowcast data was reported at 2.462 % in 10 Mar 2025. This records a decrease from the previous number of 2.478 % for 03 Mar 2025. Australia Inflation Nowcast data is updated weekly, averaging 3.912 % from Mar 2021 (Median) to 10 Mar 2025, with 207 observations. The data reached an all-time high of 8.209 % in 30 Jan 2023 and a record low of 0.623 % in 19 Apr 2021. Australia Inflation Nowcast data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Australia – Table AU.CEIC.NC: CEIC Nowcast: Inflation: Headline.

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Australia (CPGRLE01AUQ657N) from Q2 1971 to Q3 2023 about Australia, core, all items, CPI, inflation, price index, indexes, and price.

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.

The Regional Price Index contrasts the cost of a common basket of goods and services at a number of regional locations to the Perth metropolitan area. The RPIs were commissioned to assist with the calculation of the Western Australian State Government’s regional district allowance, and it has been used to assist in policy decision-making. Show full description

Australia Consumer Price Index (CPI): YoY data was reported at 2.568 % in 2026. This records an increase from the previous number of 2.258 % for 2025. Australia Consumer Price Index (CPI): YoY data is updated yearly, averaging 3.286 % from Dec 1961 (Median) to 2026, with 66 observations. The data reached an all-time high of 15.417 % in 1974 and a record low of -0.319 % in 1962. Australia Consumer Price Index (CPI): YoY 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: Consumer and Wholesale Price Index: Forecast: OECD Member: Annual. CPI_YTYPCT- Headline inflation The CPI year-on-year changes is a measure of inflation

This dataset provides values for INFLATION EXPECTATIONS reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2021, the inflation rate in Samoa was estimated at negative three percent. In comparison, the inflation rate in Papua New Guinea was estimated at 4.5 percent in 2021 and was forecasted to fall to 3.6 percent by 2023.

Australia Inflation Target: Upper Limit data was reported at 3.000 % in 2025. This stayed constant from the previous number of 3.000 % for 2024. Australia Inflation Target: Upper Limit data is updated yearly, averaging 3.000 % from Dec 1996 (Median) to 2025, with 30 observations. The data reached an all-time high of 3.000 % in 2025 and a record low of 3.000 % in 2025. Australia Inflation Target: Upper Limit data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I001: Consumer Price Index: Inflation Target.

Australia Median Inflation Expectations: Next Year: Market Economists data was reported at 2.500 % in Dec 2024. This records a decrease from the previous number of 2.800 % for Sep 2024. Australia Median Inflation Expectations: Next Year: Market Economists data is updated quarterly, averaging 2.600 % from Sep 1994 (Median) to Dec 2024, with 101 observations. The data reached an all-time high of 4.900 % in Dec 1999 and a record low of 1.700 % in Sep 2020. Australia Median Inflation Expectations: Next Year: Market Economists data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I065: Inflation Expectation.

Graph and download economic data for Consumer Price Index: All Items: Total for Australia (AUSCPALTT01IXNBQ) from Q1 1960 to Q3 2023 about Australia, all items, CPI, price index, indexes, and price.

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.

In 2020, the GDP shrunk by 2.4 percent in Australia, and inflation was at an all-time low at 0.9 percent over the last 20 years. In 2021, the GDP is predicted to grow by 4.5 percent, and inflation to grow by 1.7 percent. According to the forecast, the Gross Domestic Product and inflation will grow weakly over the next five years in Australia.

This dataset provides values for CORE INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for INFLATION RATE MOM reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Australia (CPGRLE01AUA659N) from 1972 to 2024 about Australia, core, all items, CPI, inflation, price index, indexes, and price.