Australia RBA Forecast:(CPI) Consumer Price IndexInflation: High data was reported at 2.700 % in Jun 2027. This records a decrease from the previous number of 2.800 % for Dec 2026. Australia RBA Forecast:(CPI) Consumer Price IndexInflation: High data is updated semiannually, averaging 2.500 % from Jun 2007 (Median) to Jun 2027, with 41 observations. The data reached an all-time high of 8.000 % in Dec 2022 and a record low of -1.000 % in Jun 2020. Australia RBA Forecast:(CPI) Consumer Price IndexInflation: High 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.I004: Consumer Price Index: Forecast.

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 benchmark interest rate in Australia was last recorded at 4.10 percent. This dataset provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 January 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 21 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at 0.5 percent in January 2025. In contrast, Russia maintained a high inflation rate of 9.9 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Trimmed Mean CPI QoQ in Australia decreased to 0.50 percent in the fourth quarter of 2024 from 0.80 percent in the third quarter of 2024. This dataset includes a chart with historical data for Australia RBA Trimmed Mean CPI QoQ.

Unemployment Rate in Australia remained unchanged at 4.10 percent in February. This dataset provides - Australia Unemployment Rate at 5.8% in December - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 benchmark interest rate in New Zealand was last recorded at 3.75 percent. This dataset provides - New Zealand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Key information about Australia M2 Growth

• Australia Money Supply M2 increased 5.3 % YoY in Jan 2025, compared with a growth of 5.4 % in the previous month
• Australia Money Supply M2 growth data is updated monthly, available from Mar 1966 to Jan 2025
• The data reached an all-time high of 30.5 % in Feb 1977 and a record low of 1.8 % in Jun 2018

CEIC calculates M3 Growth Rate from monthly M3. The Reserve Bank of Australia provides M3 in local currency. Money Supply M3 covers M1, all deposits at banks and certificates of deposits from the private non-Authorised Deposit-taking Institutions sector, and deposits with non-bank Authorised Deposit-taking Institutions.


Further information about Australia M2 Growth

• In the latest reports, Australia Foreign Exchange Reserves was measured at 40.9 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 1.5 Months of Import in May 2023
• Australia Domestic Credit reached 3,557.7 USD bn in Dec 2024, representing an drop of 0.2 % YoY
• The country's Non Performing Loans Ratio stood at 1.1 % in Sep 2024, compared with the ratio of 1.1 % in the previous quarter
• Household Debt of Australia reached 2,206.9 USD bn in Sep 2024, accounting for 116.6 % of the country's Nominal GDP

The benchmark interest rate in South Africa was last recorded at 7.50 percent. This dataset provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The main stock market index in Australia (ASX200) decreased 241 points or 2.95% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. Australia Stock Market Index - values, historical data, forecasts and news - updated on March of 2025.

Mortgage Rate in Australia increased to 6.15 percent in January from 6.13 percent in December of 2024. This dataset includes a chart with historical data for Australia Mortgage Rate.