Cost of food in Australia increased 2.40 percent in June of 2019 over the same month in the previous year. Food Inflation in Australia averaged 5.28 percent from 1973 until 2019, reaching an all time high of 20.60 percent in the fourth quarter of 1973 and a record low of -3.20 percent in the second quarter of 2012. source: Australian Bureau of Statistics

Food Inflation in Australia is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Australia to stand at 1.80 in 12 months time. In the long-term, the Australia Food Inflation is projected to trend around 2.10 percent in 2020, according to our econometric models.


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Australia Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.40 20.60 -3.20 1973 - 2019 percent Quarterly

Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 1.60 23.90 -1.30 percent [+]
Inflation Rate Mom 0.50 0.60 7.55 -1.54 percent [+]
Consumer Price Index CPI 115.40 114.80 115.40 4.20 points [+]
Core Consumer Prices 116.16 115.91 116.16 75.47 points [+]
Core Inflation Rate 1.60 1.60 10.70 1.60 percent [+]
GDP Deflator 105.43 104.75 105.43 6.22 points [+]
Producer Prices 112.10 111.60 112.10 70.70 points [+]
Producer Prices Change 1.60 2.00 6.30 -1.50 percent [+]
Export Prices 114.80 113.30 114.80 16.30 points [+]
Import Prices 113.50 113.10 116.30 51.50 points [+]
Food Inflation 2.30 2.40 20.60 -3.20 percent [+]
Inflation Expectations 4.70 4.00 8.60 2.80 percent [+]
CPI Housing Utilities 121.80 121.40 121.80 10.30 points [+]
CPI Transportation 107.00 107.30 107.30 11.30 points [+]