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.

Australia Consumer Price Index (CPI): Melbourne: Housing: Rents data was reported at 130.600 2011-2012=100 in Dec 2024. This records an increase from the previous number of 129.800 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Melbourne: Housing: Rents data is updated quarterly, averaging 65.550 2011-2012=100 from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 130.600 2011-2012=100 in Dec 2024 and a record low of 10.600 2011-2012=100 in Sep 1972. Australia Consumer Price Index (CPI): Melbourne: Housing: Rents 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.

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.

The consumer price index (CPI) value of food and non-alcoholic beverages in Melbourne, Australia was measured at 136.4 as of December 2024. Adelaide and Sydney followed closely, with food and non-alcoholic beverage CPI's of 136.2 and 135.8, respectively.

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.

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.

Between December 2022 and December 2023, wages in Australia grew by around 4.2 percent. Wage growth in recent years has been relatively low in comparison to previous years, in particular in December 2020, which only saw a wage growth of 1.3%. Inflation and CPI outstripping wages While wages have increased in Australia, they have still not matched the rate of inflation, which was sitting at 4.1 percent at the end of 2023, down from a high of 7.8 percent at the end of the previous year. The high cost of goods has also put pressure on the public, with the Consumer Price Index standing at around 136 points, compared to a base year of 2011-12. Rent is on the rise As with many around the world, Australians are also feeling the costs of rent increases. The majority of people in Australia perceive that the cost of rent has risen significantly in their local area. This in turn has seen the government expenditure on rental assistance continue to be high, with around 4.7 billion Australian dollars spent to assist the Australian public in maintaining their housing needs.