In December 2023, the Consumer Price Index (CPI) in Adelaide, Australia was 137.1, recording a change of 6.3 percent. The CPI in Adelaide indicated an increase higher than any other capital city in the country. With a CPI of 137.7, Brisbane, the capital of the country's north-eastern state of Queensland, recorded the highest CPI overall in the quarter. The CPI measures household inflation.

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.

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.

In the year to December 2023, price increases were recorded in the health category in all capital cities in Australia. Capital of Queensland, Brisbane, saw the most significant annual change of 6.7 percent, while Canberra's increase was the smallest at 4.7 percent.

Australia Consumer Price Index (CPI): Brisbane: Transport: Private Motoring: Motor Vehicles data was reported at 108.200 2011-2012=100 in Dec 2024. This records an increase from the previous number of 107.400 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Brisbane: Transport: Private Motoring: Motor Vehicles data is updated quarterly, averaging 100.350 2011-2012=100 from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 129.900 2011-2012=100 in Dec 1995 and a record low of 22.200 2011-2012=100 in Dec 1972. Australia Consumer Price Index (CPI): Brisbane: Transport: Private Motoring: 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.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Australia Consumer Price Index (CPI): Brisbane: Housing: Rents: Rents data was reported at 135.700 2011-2012=100 in Dec 2024. This records an increase from the previous number of 135.200 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Brisbane: Housing: Rents: Rents data is updated quarterly, averaging 57.550 2011-2012=100 from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 135.700 2011-2012=100 in Dec 2024 and a record low of 12.300 2011-2012=100 in Sep 1972. Australia Consumer Price Index (CPI): Brisbane: Housing: Rents: 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.

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.

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.