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.

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.

The Australian Bureau of Statistics provides Consumer Price Index Growth with base 2011-2012=100. [COVID-19-IMPACT]

In 2023, the Consumer Price Index (CPI) in Australia had risen to an all time high of *****points. In Australia, the CPI measures changes in the prices paid by consumers for a basket of goods and services. The CPI in Australia has risen steadily for decades.

Inflation Rate in Australia remained unchanged at 2.40 percent in the first quarter of 2025 from 2.40 percent in the fourth quarter of 2024. 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.

Key information about Australia Core CPI Change

• Australia Core CPI Change was reported at 2.715 % in Dec 2024.
• This records a decrease from the previous number of 3.104 % for Sep 2024.
• Australia Core CPI Change data is updated quarterly, averaging 2.591 % from Dec 1987 to Dec 2024, with 149 observations.
• The data reached an all-time high of 7.648 % in Dec 2022 and a record low of 0.434 % in Jun 2020.
• Australia Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Core Consumer Price Index Growth from quarterly Core Consumer Price Index. The Australian Bureau of Statistics provides Core Consumer Price Index with base 2011-2012=100. Core Consumer Price Index excludes Fruit and Vegetables and Automotive Fuel.

Monthly CPI Indicator in Australia decreased to 2.10 percent in May from 2.40 percent in April of 2025. This dataset includes a chart with historical data for Australia Monthly CPI Indicator.

Australia inflation rate for 2024 was 3.16%, a 2.44% decline from 2023.

<ul style='margin-top:20px;'>

<li>Australia inflation rate for 2023 was <strong>5.60%</strong>, a <strong>1% decline</strong> from 2022.</li>
<li>Australia inflation rate for 2022 was <strong>6.59%</strong>, a <strong>3.73% increase</strong> from 2021.</li>
<li>Australia inflation rate for 2021 was <strong>2.86%</strong>, a <strong>2.02% increase</strong> from 2020.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Australia Consumer Price Index (CPI): Weights: Financial & Insurance Services data was reported at 5.583 % in Mar 2025. This stayed constant from the previous number of 5.583 % for Dec 2024. Australia Consumer Price Index (CPI): Weights: Financial & Insurance Services data is updated quarterly, averaging 5.590 % from Sep 2017 (Median) to Mar 2025, with 31 observations. The data reached an all-time high of 5.800 % in Sep 2022 and a record low of 5.130 % in Sep 2021. Australia Consumer Price Index (CPI): Weights: Financial & Insurance 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.I010: Consumer Price Index: Weights: 17th Series.

The transportation sub-index of the CPI basket in Australia increased to 129.90 points in the first quarter of 2025 from 128.60 points in the fourth quarter of 2024. This dataset provides - Australia Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia Consumer Price Index (CPI): Weights: Alcohol & Tobacco: Alcoholic Drinks: Beer data was reported at 2.084 % in Mar 2025. This stayed constant from the previous number of 2.084 % for Dec 2024. Australia Consumer Price Index (CPI): Weights: Alcohol & Tobacco: Alcoholic Drinks: Beer data is updated quarterly, averaging 2.130 % from Sep 2017 (Median) to Mar 2025, with 31 observations. The data reached an all-time high of 2.360 % in Sep 2022 and a record low of 1.860 % in Sep 2019. Australia Consumer Price Index (CPI): Weights: Alcohol & Tobacco: Alcoholic Drinks: Beer 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.

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.

In June 2022, the Consumer Price Index (CPI) across Australia's capital cities recorded an average change of 6.1 percent on the 2021 June quarter. The CPI measures household inflation. Between June 2021 and June 2022, Perth, capital of Western Australia, saw the largest CPI percentage change of 7.4 percent. The CPI has risen steadily across the country since 2018.

Australia Consumer Price Index (CPI): Weights: Education: Preschool & Primary Education data was reported at 0.949 % in Mar 2025. This stayed constant from the previous number of 0.949 % for Dec 2024. Australia Consumer Price Index (CPI): Weights: Education: Preschool & Primary Education data is updated quarterly, averaging 0.950 % from Sep 2017 (Median) to Mar 2025, with 31 observations. The data reached an all-time high of 0.990 % in Sep 2022 and a record low of 0.860 % in Sep 2024. Australia Consumer Price Index (CPI): Weights: Education: Preschool & Primary Education 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.

Australia Consumer Price Index (CPI): Weights: Alcohol & Tobacco: Alcoholic Drinks: Wine data was reported at 1.687 % in Mar 2025. This stayed constant from the previous number of 1.687 % for Dec 2024. Australia Consumer Price Index (CPI): Weights: Alcohol & Tobacco: Alcoholic Drinks: Wine data is updated quarterly, averaging 1.780 % from Sep 2017 (Median) to Mar 2025, with 31 observations. The data reached an all-time high of 2.060 % in Sep 2022 and a record low of 1.687 % in Mar 2025. Australia Consumer Price Index (CPI): Weights: Alcohol & Tobacco: Alcoholic Drinks: 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.I010: Consumer Price Index: Weights: 17th Series.

The Consumer Price Index in Australia increased 0.90 percent in March of 2025 over the previous month. This dataset provides - Australia Inflation Rate QoQ - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In December 2023, the Transport Consumer Price Index (CPI) in Perth, Australia reached 132.6 index points. This was a slight increase of around four index points from the previous December in 2022.

In Dec 2023, the Consumer Price Index (CPI) in Adelaide, Australia was 137.1, recording a change of 6.3 percent on the 2022 December quarter, an increase higher than any other capital city in the country. The CPI measures household inflation and has risen steadily across the country since 2019.

In December 2023, the Transport Consumer Price Index (CPI) in Sydney, Australia reached 128.2 index points. This was an increase of around five index points from the previous December in 2022.

Australia Consumer Price Index (CPI): Weights: Recreation: Holiday Travel & Accommodation data was reported at 6.254 % in Mar 2025. This stayed constant from the previous number of 6.254 % for Dec 2024. Australia Consumer Price Index (CPI): Weights: Recreation: Holiday Travel & Accommodation data is updated quarterly, averaging 5.830 % from Sep 2017 (Median) to Mar 2025, with 31 observations. The data reached an all-time high of 6.330 % in Sep 2020 and a record low of 2.030 % in Sep 2022. Australia Consumer Price Index (CPI): Weights: Recreation: Holiday Travel & Accommodation 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.

In the December quarter of 2024, the consumer price index (CPI) value of clothing and footwear in Sydney, Australia was measured at 96.3. The highest CPI within the given time period was in the December quarter of 2022, with clothing and footwear prices at their lowest in the first quarter of 2019.